first-time homebuyer credit

first-time homebuyer credit

Why You're Losing $15K to 7% Mortgage Rates?

No, a $15,000 tax credit does not automatically make a 7% mortgage affordable; buyers must weigh the extra interest cost against the credit and their long-term cash flow. At a 7.28% average 30-year rate, a $300,000 loan costs about $1,380 more per month than at 5%