TheMReport — News and strategies for the evolving mortgage marketplace.
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The pulse Still Interested Rising mortgage rates may not hinder would-be buyers after all. The Fed's teasing of a slowdown of its bond-buying stimulus program has had investors and market watchers waiting with bated breath to see just how the action will affect interest rates. Some fear that potential homebuyers will shy away from purchasing homes. Some analysts, however, think that those fears are strictly conjecture. Recent research shows that the difference per month in interest rates is nominal and in some cases manageable. 3.9% 4.58% Monthly principal and interest payment 78 $39 (Difference per month) 56 $79 (Difference per month) $11935 (Difference per month) $1,53435 $1,415 00 $1,02290 $94334 $51145 $47167 $100,000 12 | The M Report $200,000 $300,000 Principal Principal Principal About the Numbers: The data was compiled from Mortgage Marvel.