The High Impact Of Low Interest Rates On Your Purchasing Power

The High Impact Of Low Interest Rates On Your Purchasing Power

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According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.


Act now to get the most house for your hard-earned money.

Start your Connecticut Home Search now: http://bit.ly/2o9Z79q 


Kris Morin Headshot
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Phone: 860-982-0187
Dated: July 11th 2017
Views: 38
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