1% increase in mortgage rates will cost you $50k in Buying Power!

We have seen mortgage rates as low as 3.250% in Fall of 2016 to a high of 5.25%  in October 2018.  We have to readjust our purchasing power and how these rates can affect how much we can afford for a home.  This means going to your lender and having your “Pre-Approval” updated to reflect the currentContinue reading “1% increase in mortgage rates will cost you $50k in Buying Power!”