![The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC] | Simplifying The Market](http://www.simplifyingthemarket.com/wp-content/uploads/2016/12/20161216-Cost-of-Interest-STM.jpg)
Some Highlights:
- Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.
- Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1980s, all the way down to the near 4% we are experiencing now.
- Your purchasing power is greatly impacted by the interest rate you secure. Act now before rates go up!
Today’s Rates in Albuquerque (courtesy Bank of Albuquerque)
- Conventional 30 year fixed rates currently priced at 4.125%.
- Conventional 15 year fixed rates currently priced at 3.25%.
- FHA & VA 30 year fixed rates currently priced at 3.75%.
- FHA and VA 15 year fixed rates currently priced at 3.25%.
- Jumbo 30 year fixed rates currently priced at 4.25%.
- Jumbo 15 year fixed rates currently priced at 3.75%.
Source: http://www.simplifyingthemarket.com/en/feed/?a=217019-f2452a8f8cdc42dd481fd452124719d3
