Home Buying in San Antonio>Question Details

Bill Barkley, Real Estate Pro in San Antonio, TX

How does a change in interest rates effect your purchasing power?

Asked by Bill Barkley, San Antonio, TX Wed Apr 2, 2014

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Rates are still low. If you're credit decent you can still get a rate in the low 4's. But don't wait too long, they stay this low forever. I bought my home in DFW last July and I got a 3.25% fixed for 30 years on a VA loan. So FYI, the rates have gone up a full 1% in less than 1 year. Let me know if you need assistance.


Take care,

George Raymondo
Branch Manager
Web Reference: http://www.AFN-Loans.com
1 vote Thank Flag Link Wed Apr 2, 2014
That depends on how drastic the change and how maxed out on Debt to income the buyer was. Do you know what the rate was and what it changed too?
0 votes Thank Flag Link Wed Apr 2, 2014
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