June 5th, 2013 by admin
Posted in Cost vs Price, Interest Rates, Mortgage Interest Rate Deduction, Real Estate, Uncategorized, VA loans |
Tags: bank loan, best mortgage rate, charleston home purchase, charleston investment properties, charleston mortgage broker, interest rates, low rates, mortgage, rising rates
As interest rates begin to rise buyers lose purchasing power. Here is another opportunity to educate your buyers or fence sitters to help them understand the cost of waiting. Simply stated, for every 1% interest rates rise, a buyer will lose 10% purchasing power. With a rate of 4.25% on a 200,000 loan, the payment…