Real Estate Buy Sell with Realtor Anil Aggarwal
Anil Aggarwal
732-983-7958732-983-7958
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Real Estate Buy Sell with Realtor Anil Aggarwal
Agile Active Available Realtor. Reach me at 732-65-HALO-5

Rising Interest Rates Impact on Home Prices

A simple mortgage calculation shows a loss of about 12 percent in purchasing power from a one-percentage point rise in mortgage rates. For example, a person taking out a $200,000 using a 30-year fixed rate mortgage at 3.75% rate would have faced $926 monthly payment (just on principal and interest). At 4.75%, and to keep the same monthly payment, the loan amount has to be cut to $177,500. The purchasing power has been reduced due to higher rates.

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About Anil Aggarwal

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Anil Aggarwal

Best Real Estate Agent in New Jersey

anil@buysellhomenj.com

732-983-7958732-983-7958 main

Halo Realty

30 KNIGHTSBRIDGE RD STE 525 PISCATAWAY New Jersey

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