Interest rates rising so quickly in such a short time has scared and shocked first-time home buyers. However, the truth is an interest rate of just over 7% is simply nearing the historical average. According to Freddie Mac, the long-term average for mortgage rates is just under 8 percent going back to 1971. Click here … Continue reading “Can You Afford to Buy a Home With The Rising Interest Rates?”
Tag: how much house can you afford
How Much House Can I Afford? 8 Rules of Thumb to Help Estimate
Think you’re financially ready to buy a house? Before you make appointments with real estate agents and lenders, you should make sure you’ve taken an honest assessment of your income and expenses so you know just how much home you can afford. Doing this will help your agent find the best homes for you within … Continue reading “How Much House Can I Afford? 8 Rules of Thumb to Help Estimate”