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Mortgage Interest Rate vs Home Price
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#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.
Access the show notes and the graphic mentioned in this episode at:
https://www.innovativeproperties.com/home-price-vs-mortgage-interest-rate/
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