Some homebuyers have gained more than $20,000 in purchasing power in just a few months because of lower mortgage rates
Briefly

With recent decreases, mortgage rates hit their lowest level since March at 6.85%, allowing a $447,750 home on a $3,000 monthly budget.
With a shift from an 8% rate last year, a $3,000 budget could now buy a $479,750 home at 6%, illustrating increased purchasing power.
Read at Fortune
[
|
]