Ever wonder how the all mighty mortgage interest rate can impact your buying power? Well, here it is! This chart created by Keeping Current Matters spells out (pretty clearly I might add) just how much more you can spend when mortgage rates drop aaannd how much buying power you lose when mortgage rates go up.
If the home you’re currently in isn’t “your kinda paradise” you should seriously think of selling AND buying within the next year. Why?? Because home prices are at their peak, so you’ll get top dollar for your current investment and because rates are so low … your next investment will pay off big time! If you wait too long, you may miss the market and this perfect storm, shall we say, may not return for another 5-7 years.