Purchasing Power

March 4, 2009

As interest rates have started a move up over the past few weeks I thought I would discuss the importance of interest rates in impacting your purchasing power. Most people don’t realize that just a 1% point move up in rates hurts your purchasing power by 10%. If you could afford a $200,000 home at 6%,you could only purchase a $180,000 home at 7%.

If you would like our report on purchasing power just Email Us or call us at 614-212-7729.

Remember the best way to search the local home market is at www.TheColumbusMLS.com.