July 5, 2018 rummy

Overall price, initial cash out, monthly amortization etc. are the things we look out for in buying a home. A lot of these may seem higher than it used to last year, but what most do not know is that it is lower compared to how it used to way back. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the priceĀ andĀ the interest rate on the mortgage used to purchase it. Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from…