The Housing Market Is Cooling, but Here's Why You Might Still Be Completely Priced Out
Read on to see how higher mortgage interest rates can have a detrimental impact on your efforts to buy a home, and to learn some ways you can try to bite back if you've got your heart set on becoming a homeowner sooner rather than later. Let's take a look at two home-buying scenarios with two different interest rates. You've gotten your offer accepted on the same $350,000 home, and can put down the same 20% (always a good idea if you can swing it, as you'll avoid having to pay for private mortgage insurance).