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| From the National Association of Realtors. |
I think that 2014 is going to be a great year to buy a home. People sometimes wonder what the difference is if the interest rate goes up. If you are buying a home around $250,000, the principal and interest part of the loan will increase by around $150 if the interest rate goes from 4.3% to 5.3%. Either you can afford to make higher payments OR your payments will stay the same because you bought a cheaper home.
