How Low Interest Rates Increase Your Purchasing Power

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According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history!

根據Freddie Mac的最新房貸市場調查,30年固定房屋貸款利率目前為4.09%,與最近的歷史相比仍然很低!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

購買房屋時確保的利率不僅會對你的每月住屋成本產生極大影響,還會影響你的購屋能力。

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

購屋能力,簡單地解釋,就是在你的預算之內可以有能力購買的房屋。隨著利率上漲,如果你計畫保持同樣的預算,你能夠負擔得起的房價隨著降低。

The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.

下圖顯示如果你計劃購買中價位的房屋,並計劃將每月住屋開銷保持在$1,100左右,那麼上升的利率對你會有什麼影響。

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With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 5% by this time next year.

利率每增加一個百分點,你可以負擔的房屋價值下降2.5%(在這個例子中為6,250美元)。 專家預測,明年這個時候的利率將接近5%。

Act now to get the most house for your hard-earned money.

現在馬上行動才能將你辛苦賺來的錢買到最適合的房屋。

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