There has long been a saying in the real estate market that potential home buyers don't buy according to the home price 
or the mortgage rate. Instead, ' they buy the monthly payment.' The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically. A dramatic rise in home prices, like we saw last year, can slow home sales even when mortgage rates are low if mortgage availability is tighter. That's what we saw in the first half of this year. Home prices, which jumped by double digits in 2013, are only now beginning to ease. Know Fast forward to today. Mortgage rates are near historic lows, read more.
or the mortgage rate. Instead, ' they buy the monthly payment.' The monthly payment is, of course, a combination of rate and price, but the weight of each can change dramatically. A dramatic rise in home prices, like we saw last year, can slow home sales even when mortgage rates are low if mortgage availability is tighter. That's what we saw in the first half of this year. Home prices, which jumped by double digits in 2013, are only now beginning to ease. Know Fast forward to today. Mortgage rates are near historic lows, read more.
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