Agent On Duty

Mortgage Interest Rate vs Home Price

September 27, 2021 John Marion Episode 19
Agent On Duty
Mortgage Interest Rate vs Home Price
Show Notes

#019 - Mortgage Interest Rate vs Home Price. Let's talk about how mortgage interest rates determine the monthly payment and how buying at a higher price may be better than buying at a lower price when interest rates increase in the future.

In this example I compare purchasing a home for $300,000 @ 2.8% interest vs buying the same home for $265,000 @ 4% interest rate.

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