Austin 360 Realty

Interest Rates

An $800 loan payment at 5% interest rate genarates a $149,025 loan, while the same payment at 6.5% drops the loan you can get down to $126,569.  And if the rate was at 9%, you couldn't even borrow $100,000.

To look at it another way, a buyer could get a $200,000 loan at 5% for only $1,074/month, but it would cost $62/month more if the rate went up to 5.5%