The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart in this article helps show the general relationship between mortgage rates and a typical monthly mortgage payment.
Full article here: How Changing Mortgage Rates Can Affect You
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