How much of an impact would rising interest rates have if you planned to purchase a home? See chart...

Low Interest Rates Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!

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

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.

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 between $1,850-$1,900 a month.

Low Interest Rates Have a High Impact on Your Purchasing Power | MyKCM

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, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

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

~keepingcurrentmatters.com~

CT Virtual Live Real Estate Pre-licensing Classes are Now Available

We are now offering the State of CT Approved - Real Estate Pre-Licensing class VIRTUALLY in the MORNING and EVENING and on SATURDAYS! You can start as soon as the next class. The schedule is below: Our classes are conducted on Zoom Video (phone, tablet, pc) and the schedule is as follows: Monday: 6pm-8pm Tuesday: 10am-12pm Thursday: 6pm-8pm Friday: 10am-12pm Saturday: 10am-12pm Topics Include: Agency, Listing Agreements, Contracts, Buyer Representation, Licensing Law, Environmental Issues, Titles and Liens, Fair Housing and Real Estate Financing & more. Come when you can and come when you want. Once you register, you will receive the invite for ALL classes and you can decide which ones to come to. Start as soon as the next class! There is no exact start or end date. You have to do 60 hours of classroom time and pass my final exam with a 70% or better. Then I give you a certificate from a state of CT Approved Real Estate pre-licen

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360...Wait! What?!

I hope this note finds you and your family in good health and spirits. My darlin' wife was diagnosed with breast cancer a couple of months ago. I am in fact with her in a hospital room right now. She is resting from the effects a low immune system and I am working on my improving my discipline of having strong faith and hope with strong action. We have faith she will be cured of this horrible disease AND at the same time we are taking action, she will have chemo and surgery and radiation and more chemo. She is still exactly the woman I fell in love with years ago - strong, courageous and beautiful. We have the faith and hope she will be cured AND are taking the action we believe will make this happen. No loose ends, a full circle. Did you know t he expression "do not fear" is used 360 times in the Bible, according to the shepherd R. Wurmbrand? From < http://membre.oricom.ca/sdesr/nu360.htm > Sign at the door of the hospital room I am ready for th

Investor or Move in to this Cash Flow Building

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