Friday, June 9, 2017

San Antonio - Interest Rates Matter

The Impact Your Interest Rate Makes [INFOGRAPHIC]. Actually, interest rates matter a lot! If you can afford a payment of "X", then you can borrow up to an amount that creates that payment. As interest rates move up, the amount you can borrow goes down if you need to keep the payment "X". That means, unless you have more money to put down you will be looking at buying a lower priced home. Buying while interest rates are low gets you the most house for the payment "X". So why are you waiting? Going to "save more" before buying? That is absolutely the wrong move. Home prices go up - and interest rates eventually will to. Don't lose out. For more, read today's article