Interest Rates VS Sales Price
Did you know that a 1/2 % change in interest is approximately equal to a 5% change in Sales Price?
Change In Interest vs. Reduced Sales Price
Interest Rate 5% Term 30 Years Payment $1,073.64 1/2 % Increase in Rate $1,135.58
5% Increase in Price $1,127.33
A 1/2% change in Interest Rates is approximately equal to a 5% change in price.
1% Increase in Rate $1,199.10
10% Increase in Price $1,181.01
A 1% change in Interest Rate is approximately equal to 10% change in Price.
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Days on Market
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Recent Price Drops
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Year Built
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What is This?
I was just browsing for related blog posts for my project research and I happened to stumble upon yours. Thanks for the excellent information!