Low Mortgage Rates Allow for a Bigger Buyer’s Budget

Since the beginning of the year, the 30-year fixed mortgage rate has fallen from 4.3 percent to 3.8 percent. Although a half point may not seem notable, it can translate to significant savings on a monthly basis over the life of a loan. A recent article, Half-Point Drop in Interest Rates Boosts Buyers’ Budgets, tells buyers that they should take a second look at their housing buget.

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