What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Tanya Hernandez

Find Your Dream Home











Tanya Hernandez

Realty ONE Group Success

1 post tagged with How-Today’s-Mortgage-Rates-Impact-Your-Home-Purchase:

May 10, 2022

by Keeping Current Matters

If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power.

Today, the average 30-year fixed mortgage rate is above 5%, and in the near term, experts say that’ll likely go up in the months ahead. You have the opportunity to get ahead of that increase if you buy now before that impacts your purchasing power.

Mortgage Rates Play a Large Role in Your Home Search

The chart below can . . .

Featured Listings

sold
$445,000
sold
4
beds
3
baths
1,936
Sq Ft
sold
$685,000
sold

beds

baths

Sq Ft
sold
$
sold

beds

baths

Sq Ft

Recent Posts

Get Started!