BOLDSF.COM | insights, observations, commentary | San Francisco Bay Area real estate
Wednesday, October 16, 2013
Interest Rates and Purchasing Power
"For every 1% rise in interest rates, home prices must fall by 10% in order for you to maintain the same monthly mortgage payment. And at the end of the day, that's what matters, the monthly payment. So take advantage of low rates; they add much more buying power to your purchase than low prices."