The buyer should always look at the COST of a home, not just the PRICE. The cost is determined by the price and the mortgage interest rate which is available at the time. Below is a list of the interest rates over the last ten years and the impact they have on a $100,000 mortgage payment.
Interest rates can have a huge impact on monthly payments.
Read the entire post at KCM Blog | Posted October 2, 2012
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