Purchase Price vs. Interest Rates

One of the most frequent questions I get asked is, 'What is more important, the purchase price or your interest rate?'.  The short answer is both, but with rates as historically low as they currently are, I would go with rates.  Most everything I've seen has pointed to an additional 10% drop in median home price.

This blog has been updated and moved to: http://www.aaronstelle.com/Blog/tabid/158/EntryId/17/Purchase-Price-vs-Interest-Rate-Which-is-More-Important.aspx