Keeping an eye on the Mortgage Interest Rate
Home Buyers need to make their purchasing decisions while mortgage rates are still low. The lower the rate, the less money you pay monthly. With a lower rate, you can buy 'more' house and still stay within the monthly amount you want to spend. The higher the rate, the lower your purchase price will need to be in order for you to stay within your budgeted monthly payment. If you are on the fence about buying, buy before the interest rates go any higher.