Homebuyers Act Fast on Plunging Mortgage Rates.
Mortgage rates have a significant role in how much home you can afford. If you feel like you missed getting a low mortgage rate, keep in mind current rates are still lower than they were 10 years ago and historically, they are still very good.
When buying a home, it’s important to know what your monthly mortgage payment will be, but also what goes into that payment. Understanding what goes into your payment will help you better know what you can afford and what your dream home will really cost.