Your mortgage interest rate has a big impact on what you actually pay each month, so it’s an important number.
But there’s also real life to think about
Is the house big enough? Is it in the right location? Will that quirky bedroom layout or wood wall paneling drive you crazy?
Do you have enough room for the kids or in-laws who might join the flock someday? Mortgage rates have been stuck above 6% for almost four years, which complicates the math for homebuyers looking to make moves in this market. After all, new jobs, new babies and school decisions don’t wait for mortgage rates to drop or the housing market to get easier.