Should You Wait For A Lower Interest Rate Before Looking At Homes For Sale?
When looking for a mortgage, your interest rates are impacted by two things: the economy and your credit score. While waiting for a lower interest rate can make sense, it doesn't always: you need to consider your personal financial situation. Here are a few things to consider.
How Does Your Interest Rate Impact Your Home Purchasing?
Your interest rate is calculated into how much home you can afford. If you can currently only get a high interest rate, you may only be able to get a fairly cheap home.