What is the Effect of Rising Interest Rates on my Home Purchase?

“How does rising interest rates affect your ability to buy a home? Rising interest rates can have a major impact on home affordability. It is amazing how much a small increase in interest rates can impact your monthly payment, as well as the total amount you will pay for a home over the life of the loan. In this video we show you what a theoretical monthly payment would be buying the same home for the same price at a different interest rate. Interest rates have been steadily increasing over the past couple of years. Find out how it will impact your home purchase. ” — StellarQuest Real Estate

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