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Mortgage Rates Vs Purchasing Power

For example, if mortgage rates are at 5% but the level of annual inflation is at 2%, the real return on a loan in terms of the purchasing power of the dollars the lender gets back is only 3%.

2017 Mortgage Rates and How Your Purchasing Power to Buy a Home in San Diego Will Be Impacted! How interest rates affect purchasing power: We try not to be the typical "sales" agents when it comes to buying or selling. "NOW is the best time to (Buy or Sell)!!!" When it comes down to it, the BEST time really depends on several factors, both internally (your own situation and motivations) and externally (Outside market influences).

Same scenario – but the rate is now 5.5%. The maximum sales price decreases to $265,000. With 20% down payment, the loan amount is now $216,000 or a 10% decrease in purchasing power. This chart shows you how a .5% or one-half percent interest rate increase affects a home buyer’s purchasing power.

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Growth in Mortgage Purchasing Power. Posted Wednesday, April 03 2013. Above is a chart of real median household income and the real purchasing power of the same median household income when utilizing a 30-year mortgage. Said another way, if you kept the fraction of real median household income going towards a mortgage payment the same (say 30%), the red line shows the growth in what you could.

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