Your mortgage dollars are going further these days
Scott P. Rogers
If you were qualified to buy a nice house a year ago, you can likely buy an even nicer house now! Lower interest rates will allow you to buy a more expensive house and keep the same mortgage payment.
As shown above, a year ago you could have bought a $208,750 house for $1,000/month. Today, you could buy a $228,225 house. That is a an increase of almost $20,000 in purchasing power!
Assumptions: 20% down payment, property located in the City of Harrisonburg
