Don’t Wait! Move Up to the Home You’ve Always Wanted

Don't Wait! Move Up To The HOme You've Always Wanted

 

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage have hovered around 4% all year and are still near record lows.

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

 

 


Buyer’s Home Purchasing Power

 

Principal and Interest Payments rounded to the nearest dollar amount.
Principal and Interest Payments rounded to the nearest dollar amount.

 

The chart above shows the impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

 

Act now to get the most house for your hard-earned money.

 

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READ MORE

 

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Buying a house? Search houses for sale, we have complete Multiple Listing Service (MLS) of residential houses for sale in Lake Balboa, Van Nuys, Reseda, Woodland Hills, Chatsworth, Canoga Park, North Hills, Northridge, Tarzana, Encino, Valencia, Canyon Country, Saugus or any other San Fernando Valley and Santa Clarita Valley area real estate.

 

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$630,000 - 4Br/3Ba -  for Sale in Granada Hills
$630,000
New
MLS# 18356188

16043 San Fernando Mission
Granada Hills, CA 91344

Property Type: Single Family Residence
$829,000 - 3Br/2Ba -  for Sale in North Hollywood
$829,000
New
MLS# SR18148060

5729 Irvine Avenue
North Hollywood, CA 91601

Property Type: Single Family Residence
$749,900 - 4Br/3Ba -  for Sale in Ridge View (rdgv), Saugus
$749,900
New
MLS# SR18150499

21905 Wakefield Court
Saugus, CA 91350

Property Type: Single Family Residence
$509,000 - 3Br/2Ba -  for Sale in Sunrise (snrs), Valencia
$509,000
New
MLS# SR18150802

25839 Turquesa Drive
Valencia, CA 91355

Property Type: Townhouse
$319,500 - 1Br/1Ba -  for Sale in Toluca Lake
$319,500
New
MLS# 18345890

10240 Camarillo Street Unit 104
Toluca Lake, CA 91602

Property Type: Condominium
$539,000 - 4Br/2Ba -  for Sale in Not Applicable-res (nares), Reseda
$539,000
New
MLS# 318002498

8217 Lindley Avenue
Reseda, CA 91335

Property Type: Single Family Residence
$509,950 - 3Br/1Ba -  for Sale in Reseda
$509,950
New
MLS# SR18146281

6947 Garden Grove Avenue
Reseda, CA 91335

Property Type: Single Family Residence
$699,900 - 2Br/1Ba -  for Sale in North Hollywood
$699,900
New
MLS# SR18148652

6151 Colfax Avenue
North Hollywood, CA 91606

Property Type: Single Family Residence
$619,900 - 4Br/2Ba -  for Sale in North Hollywood
$619,900
New
MLS# SR18148683

12527 Wixom Street
North Hollywood, CA 91605

Property Type: Single Family Residence
$1,535,000 - 5Br/5Ba -  for Sale in Encino
$1,535,000
New
MLS# SR18149794

4908 Dempsey Avenue
Encino, CA 91436

Property Type: Single Family Residence
$499,999 - 3Br/3Ba -  for Sale in Country Village (ctyv), Castaic
$499,999
New
MLS# SR18149947

30394 Cedar Oak Lane
Castaic, CA 91384

Property Type: Single Family Residence
$459,900 - 3Br/2Ba -  for Sale in Reseda
$459,900
New
MLS# SR18150072

7625 Reseda Boulevard Unit 107
Reseda, CA 91335

Property Type: Condominium
$649,999 - 4Br/3Ba -  for Sale in Heritage (hrtg), Valencia
$649,999
New
MLS# SR18150378

25521 Via Jardin
Valencia, CA 91355

Property Type: Single Family Residence
$390,000 - 4Br/3Ba -  for Sale in Reseda
$390,000
Open House
New
MLS# SR18150503

7363 Bothwell Road
Reseda, CA 91335

Property Type: Single Family Residence
$664,500 - 4Br/2Ba -  for Sale in Canoga Park
$664,500
Open House
New
MLS# 18354706

21018 Rodax Street
Canoga Park, CA 91304

Property Type: Single Family Residence
$918,900 - 5Br/3Ba -  for Sale in Tarzana
$918,900
New
MLS# 18358018

19562 Calvert Street
Tarzana, CA 91335

Property Type: Single Family Residence
$289,900 - 2Br/2Ba -  for Sale in Canoga Park
$289,900
New
MLS# 18358166

8601 International Avenue Unit 106
Canoga Park, CA 91304

Property Type: Condominium
$649,950 - 6Br/4Ba -  for Sale in Reseda
$649,950
New
MLS# SR18146315

7304 Enfield Avenue
Reseda, CA 91335

Property Type: Single Family Residence
$549,950 - 5Br/2Ba -  for Sale in Winnetka
$549,950
New
MLS# SR18146302

8119 Hatillo Avenue
Winnetka, CA 91306

Property Type: Single Family Residence
$519,000 - 3Br/2Ba -  for Sale in Panorama City
$519,000
New
MLS# SR18149151

8906 Hazeltine Avenue
Panorama City, CA 91402

Property Type: Single Family Residence
$479,000 - 3Br/2Ba -  for Sale in Sherman Oaks
$479,000
New
MLS# 18358304

4637 Willis Avenue Unit 104
Sherman Oaks, CA 91403

Property Type: Condominium
$310,000 - 2Br/2Ba -  for Sale in New Horizons - Nhor, Saugus
$310,000
New
MLS# 218007829

27646 Susan Beth Way Unit K
Saugus, CA 91350

Property Type: Condominium
$899,000 - 3Br/2Ba -  for Sale in Sun Valley
$899,000
New
MLS# CV18150584

9901 La Tuna Canyon Road
Sun Valley, CA 91352

Property Type: Single Family Residence
$305,000 - 2Br/2Ba -  for Sale in Sylmar
$305,000
New
MLS# SR18149577

13750 Hubbard Street Unit 62
Sylmar, CA 91342

Property Type: Townhouse