Interest Rate vs Home Price

by Sara Driscoll on November 20, 2011

in Financial

calculator and house1 300x225 Interest Rate vs Home Price

How Much Does an Interest Rate Increase Cost?

This shows the correlation in interest to price. It demonstrates that a .5% change in the interest rate is approximately equal to a 5% change in the purchase price. A 1% change in the interest rate is approximately equal to a 10%change in the purchase price of the home. Put a sale price into the live calculator and see how it works.

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