Matt Ray - Texas Realtor

OPEN HOUSE | Back On Market
Saturday, Feb.24, 12-3pm and Sunday, Feb.25, 1-4pm
🏡👀Looking for the perfect home for your growing family? Have a friend or family member thinking of moving to McKinney? Come see this beautiful former model home!
https://www.cbhometour.com/2001-Templegate.../index.html
Reach out for more info: 972-890-2078
📍2001 Templegate Dr. McKinney 75072
2 primary suites + additional flex room on 1st floor!
4bd | 3.5ba | 3ga
4495 square feet
$755,000






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Matt Ray (@mattray_texas_realtor) • Instagram photos and videos 154 Followers, 135 Following, 66 Posts - See Instagram photos and videos from Matt Ray ()

How home purchase power has adjusted since Jan 6, 2022.

In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have many questioning the timing of their home search, the truth is, timing has never been more important.⁠
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Mortgage rates play a significant role in the home search. As rates go up, they directly affect how much homebuyers can comfortably afford. ⁠
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This chart shows how much purchase power homebuyers have if they want to spend $3,500 on their monthly mortgage payment. As you can see, back in January you could purchase a home for over $800K with that monthly budget, but today with the increase in interest rates your purchase power is now only $643,898.

Contact us today and we will set you up with one of our Real Estate Experts!