The Impact of Interest Rates on Your Charleston Home Purchase
If you haven't noticed, interest rates have gone up recently.... but what does this mean??
How will this affect your ability to buy Charleston SC Real Estate??
- Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.
- Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are experiencing now.
- Your purchasing power is greatly impacted by the interest rate you secure. Act now before rates go up!