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Affordability Check
What happens to your budget when rates shift
Interest rates are always moving, and even small changes can affect how much house you can afford or what your monthly payment looks like. When rates go up, your purchasing power can shrink—meaning the same loan amount costs more per month. When rates go down, the opposite happens: you might qualify for a larger loan, or your payment on an existing mortgage could drop if refinancing makes sense. The key is understanding how rate movement directly impacts your specific situation. Whether you're shopping for a home, thinking about refinancing, or just curious where you stand, it's worth running the numbers with current rates in hand. That way you're making decisions based on facts, not guesses. Let's talk through how today's rates might affect your next move.
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