Interest rates can have a significant impact on your buying power. We aren't near the rates of the 1980's, however with an expectation to see an increase in 2017, it will affect some buyer's ability to purchase the home that they want.

The Impact Your Interest Rate Has on Your Buying Power

Some Highlights:

• Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.
• Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are experiencing now.
• Your purchasing power is greatly impacted by the interest rate you secure. Act now before rates go up!