Leave a Message

By providing your contact information to Malloy Home Team, your personal information will be processed in accordance with Malloy Home Team's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Malloy Home Team in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Malloy Home Team at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.

Yes, I agree to receive email or phone call communications from Malloy Home Team. Yes, I agree to receive SMS text messages from Malloy Home Team.

Thank you for your message. We will be in touch with you shortly.

How Historically Low Interest Rates Increase Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 4% by this time next year.

Act now to get the most house for your hard earned money.

Recent Blog Posts

Everyday Life In Palm Beach Gardens

A living room with a couch, two chairs, a coffee table, and a painting on the wall.

Why Palm Beach County Is the Perfect Paradise for Families and Fun

This paradise is a dream destination for those seeking luxury, exclusivity, and a captivating lifestyle.

Discover the Top Golf Course Communities in Palm Beach for Your Dream Home

This county in Florida is renowned for its luxurious golf course communities.

Explore How Juno Beach Offers Perfect Homes for Golf Lovers and Peace Seekers Alike!

It is a paradise for both golf enthusiasts and those seeking a serene lifestyle.

Why Do Luxury Buyers Love Singer Island's Stunning Ocean Views?

From sun-kissed beaches to exclusive homes, Singer Island has it all.

How to Make Your Luxury Home Shine for the Perfect Sale

Selling a luxury home: presentation, understanding the market, and targeting right audience.

Why Jupiter’s Luxury Homes Offer More Sunshine and Smiles With Every Sunrise

Embrace the lifestyle that comes with owning a piece of Jupiter's luxury real estate.

Discover the Perfect Waterfront Home in Jupiter: Find the Best Features for Your Peace and Style!

Understanding the area's unique properties can help match your style and needs.

Buying a Home Can Be Scary. Know the Facts!

Don't let the 20% down payment myth stop you; many buyers are now succeeding with under 10%.

View All

Malloy Home Team at SERHANT.

In a market where presentation, strategy, and relationships define outcomes, choosing the right team isn’t optional, it’s everything. At the Malloy Home Team at SERHANT., we don’t just list homes. We position them. We don’t just find properties. We secure opportunities others never see.