Homebuyer purchasing power pushes the recovery

posted by Bradley Markano | August 1, 2012 | In Charts, Feature Articles, Journal Articles
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This Market Chart presents a comprehensive overview of homebuyer purchasing power vacillation during the last two decades of declining rates, and predicts future trends as mortgage rates rise over the next decades.

Purchasing power, measured by funds available based on the mortgage interest rate of 30-year fixed rate mortgages (FRM), has risen over 10% this year, making this an excellent time to buy a home since more funds can be borrowed for the purchase of an upgraded home based on the same income.

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About The Author

Bradley Markano

is a licensed real estate agent and handles first tuesday's Market Charts.

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