tag:blogger.com,1999:blog-91737897742904354832011-04-21T13:53:34.826-07:00brokerladyhttp://www.blogger.com/profile/02966511718719107090noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-9173789774290435483.post-75300081195939565842007-07-10T21:03:00.000-07:002007-07-10T21:27:41.703-07:00The risk of waiting to buy for a lower purchase price versus a higher rate, You might be surprised. On one hand, rising interest rates will mean a bigger monthly payment for the same loan amount. But on the other, such higher payments may also start pushing home prices downwards. Unfortunately I don't have a crystal ball, but here are some numbers that clearly show the Effect of Interest Rates on Monthly Payments.<br /><br />Here is what happens when the rates change on a $300,000 loan:<br /><br /><a href="http://bp1.blogger.com/_wgVE4jH1oDc/RpRXJ96wrsI/AAAAAAAAAAU/AoOpgnaQ0qA/s1600-h/mtgloan2.gif"><img id="BLOGGER_PHOTO_ID_5085785707959594690" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://bp1.blogger.com/_wgVE4jH1oDc/RpRXJ96wrsI/AAAAAAAAAAU/AoOpgnaQ0qA/s320/mtgloan2.gif" border="0" /></a><br /><a href="http://bp3.blogger.com/_wgVE4jH1oDc/RpRW_d6wrrI/AAAAAAAAAAM/W3TY28b7FUk/s1600-h/mtgloan1.gif"><img id="BLOGGER_PHOTO_ID_5085785527570968242" style="FLOAT: left; MARGIN: 0px 10px 10px 0px; CURSOR: hand" alt="" src="http://bp3.blogger.com/_wgVE4jH1oDc/RpRW_d6wrrI/AAAAAAAAAAM/W3TY28b7FUk/s320/mtgloan1.gif" border="0" /></a><br /><br /><br />This chart shows that if the rates jump just 1 1/2%, your purchasing power drops nearly $43,000.00.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/9173789774290435483-7530008119593956584?l=agreathouse.blogspot.com' alt='' /></div>brokerladyhttp://www.blogger.com/profile/02966511718719107090noreply@blogger.com0