{"id":2230,"date":"2017-07-13T15:18:35","date_gmt":"2017-07-13T22:18:35","guid":{"rendered":"http:\/\/skyrisere.com\/listings\/?p=2230"},"modified":"2017-07-13T15:24:58","modified_gmt":"2017-07-13T22:24:58","slug":"low-interest-rates-equal-high-impact-purchasing-power","status":"publish","type":"post","link":"https:\/\/skyrisere.com\/listings\/2017\/07\/13\/low-interest-rates-equal-high-impact-purchasing-power\/","title":{"rendered":"Low Interest Rates Equal High Impact On Your Purchasing Power"},"content":{"rendered":"<div class=\"row\">\n<div class=\"col-md-8 col-md-offset-2 lead\">\n<h1>Low Interest Rates Equal High Impact On Your Purchasing Power<\/h1>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449.jpg\"><img fetchpriority=\"high\" decoding=\"async\" data-id=\"2229\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449-621x1024.jpg\" alt=\"Measuring Purchasing Power\" width=\"621\" height=\"1024\" class=\"alignright size-large wp-image-2229 img-responsive\" srcset=\"https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449-621x1024.jpg 621w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449-182x300.jpg 182w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449-768x1267.jpg 768w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6449.jpg 800w\" sizes=\"(max-width: 621px) 100vw, 621px\" \/><\/a><\/p>\n<p>According to Freddie Mac\u2019s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!<\/p>\n<p>The interest rate you secure when buying a home not only impacts your monthly housing costs, but also your purchasing power.<\/p>\n<p>Purchasing power is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.<\/p>\n<p>The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.<\/p>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447.jpg\"><img decoding=\"async\" data-id=\"2228\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447-1024x768.jpg\" alt=\"Interest rate affect on purchasing power\" width=\"1024\" height=\"768\" class=\"alignright size-large wp-image-2228 img-responsive\" srcset=\"https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447-1024x768.jpg 1024w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447-300x225.jpg 300w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447-768x576.jpg 768w, https:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2017\/07\/IMG_6447.jpg 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.<\/p>\n<p>Contact Skyrise Real Estate Group to help guide you through your home purchase (or sale).<\/p>\n<div>&nbsp;<\/div>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/contact\/\" class=\"btn-primary btn-lg\">Contact Us<\/a><\/p>\n<p><a href=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2015\/11\/SkyriseLogoLrg.jpg\"><img decoding=\"async\" data-id=\"1497\"  src=\"http:\/\/skyrisere.com\/listings\/wp-content\/uploads\/2015\/11\/SkyriseLogoLrg.jpg\" alt=\"SkyriseLogoLrg\" class=\"img-responsive\" \/><\/a><\/p>\n<p class=\"pull-right\">BRE: 02030533<\/p>\n<\/div>\n<\/div>\n ","protected":false},"excerpt":{"rendered":"<p>Low Interest Rates Equal High Impact On Your Purchasing Power According to Freddie Mac\u2019s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only impacts your [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[1,10],"tags":[],"class_list":["post-2230","post","type-post","status-publish","format-standard","hentry","category-featured","category-news-updates","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Low Interest Rates Equal High Impact On Your Purchasing Power - Skyrise Real Estate Group<\/title>\n<meta name=\"description\" content=\"See the effects of interest rates on your purchasing power. 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