Interest Rates

Linay Lencioni, from BOLD Real Estate Consultants, sits down with Don Jarecki, a lender from Cross Country Mortage, and discusses how interest rates will affect your home buying process.

With interest rates going up, how does that affect a buyer's buying power?

Jarecki says, "The best time to buy a house was yesterday because everything yesterday was cheaper, including interest rates and the home itself." He follows along with the explanation that even a rise of 1% can cost you over $10,000.