If you are thinking about buying or selling in the near future, you should start paying attention to articles like this one. All good things must come to an end, and if you don't know the effect an additional 1% on your interest rate has on your buying power, go here and run a quick mortgage calculation.
If you don't have time for that, here are some quick numbers: on a $271,000 loan (FHA loan limits in North Texas), a 1% difference in the monthly principal and interest payment when you go from 4.95% to 5.95% equals $169.56 per month. Times 360 months that comes out to $61,041.60!
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