ncwhomes.com Melissa & Kent Kisermelissa@melissakiser.com509-668-8800REMAX Advantagewww.NCWhomes.com find every real Estate!

Dated: November 6 2016
Views: 2797
According to Freddie Mac's latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low. 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 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. The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month. With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 4% by this time next year. Act now to get the most house for your hard earned money. Find every North Central Washington Real Estate Listing at www.NCWhomes.com
Find Every North Central Washington Real Estate Listing at www.NCWhomes.com
Wenatchee, East Wenatchee, Chelan & Leavenworth Real Estate.
Melissa & Kent Kiser
melissa@melissakiser.com
509-668-8800
REMAX Landmark
We are full time Realtors for over 27 years, we have successfully represented buyers, sellers and investors in the sale and purchase of thousands of properties. We believe our success can be attri....
ncwhomes.com Melissa & Kent Kisermelissa@melissakiser.com509-668-8800REMAX Advantagewww.NCWhomes.com find every real Estate!
In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the
Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, now is a great time to reach out to Melissa & Kent Kiser and