Interest rates are still historically low even though they are rising and are projected to be closer to 5% by the end of the year.
Your interest rate not only affects your monthly payment, it also impacts your purchasing power… the home price you can afford to buy for the budget you have to spend.
The charts below show the impact rising interest rates have at difference mortgage price points. Median sale price in the Twin Cities was $250,000 in February 2018.
