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lower interest rates helped homebuyers by reducing mortgage payments or allowing them to afford a more expensive home for the same payment, but what happens when interest rates eventually start to move higher as we've already started to witness recently. does mean home affordability will decline? yes. homes are already becoming less affordable for example, at 3%, $1000 a month could have supported a mortgage of $237,000, at 5%, it would support the $186,000 mortgage, and at 7%, a buyer will only be able to afford a $150,000 mortgage. the increase in government backed funding has been so significant that assumable loans now make up more than one out of every six mortgages across America. now that so many American homes have assumable mortgages with low interest rates, this is a great opportunity for today's buyers and sellers with rates approaching 7%, there are already homes for sale that offer buyers lifetime savings, $30,000, $50,000 or even $100,000. these opportunities will only grow as rates rise. in fact if interest rates return to their historical levels. $9 Million homes across America will offer American homebuyer savings totaling more than one trillion dollars. To learn more about assumable mortgages or to search for a home with with an assumable mortgage. visit The Worth-While Realty Team's website. The Worth-While Realty Team's website assume the best!