[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2dli9ri6a23xn":3,"$ffeh0925h8cuz":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":35,"next":41},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":34},1090,"how-current-interest-rates-can-have-a-high-impact-on-your-purchasing-power","How Current Interest Rates Can Have a High Impact on Your Purchasing Power","According to \u003Cem>Freddie Mac’s \u003C\u002Fem>latest\u003Cem> \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">\u003Cem>Primary Mortgage Market Survey\u003C\u002Fem>\u003C\u002Fa>\u003Cem>,\u003C\u002Fem> interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F09114830\u002F20180522-Share-STM.jpg","According to \u003Cem>Freddie Mac’s \u003C\u002Fem>latest\u003Cem> \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">\u003Cem>Primary Mortgage Market Survey\u003C\u002Fem>\u003C\u002Fa>\u003Cem>,\u003C\u002Fem> interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!\u003C!--more-->\r\n\r\nThe interest rate you secure when buying a home not only greatly impacts your monthly \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F03\u002F30\u002Fthe-cost-of-renting-vs-buying-today-infographic\u002F\">housing costs\u003C\u002Fa>, but also impacts your purchasing power.\r\n\r\nPurchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.\r\n\r\nThe chart below shows the impact that rising interest rates would have if you planned to purchase a home within the national median price range while keeping your principal and interest payments between $1,850-$1,900 a month.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F20180522-STM-ENG.jpeg\">\u003Cimg class=\"alignnone wp-image-37498\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F20180522-STM-ENG.jpeg\" alt=\"How Current Interest Rates Can Have a High Impact on Your Purchasing Power | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nWith each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F02\u002F07\u002Fwhere-are-mortgage-interest-rates-headed-in-2018\u002F\">predict\u003C\u002Fa> that mortgage rates will be closer to 5% by this time next year.\r\n\u003Ch4>\u003Cstrong>Act now to get the most house for your hard-earned money.\u003C\u002Fstrong>\u003C\u002Fh4>","According to \u003Cem>Freddie Mac’s \u003C\u002Fem>latest\u003Cem> \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">\u003Cem>Primary Mortgage Market Survey\u003C\u002Fem>\u003C\u002Fa>\u003Cem>,\u003C\u002Fem> interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!\u003C!--more-->\r\n\r\nThe interest rate you secure when buying a home not only greatly impacts your monthly \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F03\u002F30\u002Fthe-cost-of-renting-vs-buying-today-infographic\u002F\">housing costs\u003C\u002Fa>, but also impacts your purchasing power.\r\n\r\nPurchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.\r\n\r\nThe chart below shows the impact that rising interest rates would have if you planned to purchase a home within the national median price range while keeping your principal and interest payments between $1,850-$1,900 a month.\r\n\r\n\u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F20180522-STM-ENG.jpeg\">\u003Cimg class=\"alignnone wp-image-37498\" src=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F20180522-STM-ENG.jpeg\" alt=\"How Current Interest Rates Can Have a High Impact on Your Purchasing Power | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nWith each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F02\u002F07\u002Fwhere-are-mortgage-interest-rates-headed-in-2018\u002F\">predict\u003C\u002Fa> that mortgage rates will be closer to 5% by this time next year.\r\n\u003Ch4>\u003Cstrong>Act now to get the most house for your hard-earned money.\u003C\u002Fstrong>\u003C\u002Fh4>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F20180522-STM-ENG.jpeg",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2018-05-22T10:00:44Z","2018-05-17T14:00:42Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},1089,"dont-wait-to-sell-your-house-buyers-are-out-now","Don’t Wait to Sell Your House! Buyers Are Out Now","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F17114323\u002F20180521-Share-STM.jpg","2018-05-21T10:00:51Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},1091,"why-have-interest-rates-jumped-to-a-7-year-high","Why Have Interest Rates Jumped to a 7-Year High?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F05\u002F22141805\u002F20180523-Share-STM.jpg","2018-05-23T10:00:43Z",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[52,56,57,61,65,69,73,74,78,79,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},6,"For Sellers","sellers",{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":70,"name":71,"slug":72},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]