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Cost of a Home: Impact of Interest Rates

The buyer should always look at the COST of a home, not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. Below is a list of the interest rates over the last ten years and the impact they have on a $100,000 mortgage payment.

1 reply
  1. Flo Sayre
    Flo Sayre says:

    Great information to share with clients. I would like to see something similar about how much house a person could purchase based upon a fixed payment of say… $850/mo P&I over the same period of interest fluctuation.

    Reply

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