Tuesday Oct 20, 2020

Historically Low Interest Rates! So How Much Home Can You Buy?

Interest Rates are historically low right now! 📉 So what does that mean for how much home you can buy? 📈 In this episode of REal Life at Level 10, I want to talk to you about Affordability! What does affordability mean? Well, it means how much house you can actually afford to purchase. Across the country, the average buyer can afford $32,000 more when buying a home due to low interest rates, than they could just 2 years ago! 💲💲😮 I will also give you some real money examples that show what the difference in monthly payment 💰 is, as well as what the difference is if home prices go up ⬆️ or down ⬇️.

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