metairie renters: What’s More Important to Metairie Renters than Interest Rates? - 02/02/16 12:21 AM
You’d think that the single most influential factor governing a potential Metairie home buyer’s decision on whether to buy now or hold off would be the ongoing bottom line—that is, the amount of an anticipated monthly mortgage payment.
Maybe not. The New York Federal Reserve argues otherwise. Not just a little bit otherwise; “dramatically” otherwise.
To cut to the chase (and that’s a good idea, for reasons that we’ll get to later), what is more likely to impact that decision—especially for those who are currently renters—is the size of the down payment.
It follows that Metairie home renters are more likely to be encouraged by … (0 comments)