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by bick_nyers
1020 days ago
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Well if my home price decreased in value by 20% that would probably give me roughly the same payment at a 7% interest rate (versus the 3.25% I currently have). The issue of course being that my house has slightly increased in value during the time that interest rates started to increase. When you combine those two things together if I bought my house today I would pay about $1,000 more a month for the same 3 bedroom house that I closed on not even 2 years ago. |
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