Interest Rates Affect a Buyer’s Purchasing Power

February 13, 2014 by Minteer Real Estate Team

Interest Rates Affect a Buyer's Purchasing Power Interest rates play a huge part in the home buying process. Earlier this month, Freddie Mac reported that mortgage lenders were offering a 30-year fixed home loan to qualified borrowers at an average of 4.23%. While this figure is down 2% from Q4 of 2013, economists are predicting that the average mortgage rate Continue reading...