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How do interest rates affect home prices and monthly payments? Compare the best mortgage rates at Bankrate: https://bit.ly/hf_bankrate_mortgage (click "show more" to see ad disclosure) I'll explain the basics when it comes to interest rates affecting home prices and your monthly payment. Generally home prices tend to go up when interest rates go down. And when interest rates go up, home prices tend to go down. It feels like you can afford more home when interest rates are low (because you'll have the same payment), but you still have to be mindful of the overall cost of the home and the interest over the life of the mortgage. --------------- Robinhood Free Stock (Up to $200) with Sign Up: ► https://bit.ly/hf_robinhood Webull Up to 12 Free Fracional Shares (Each $3-$3,000): ► https://bit.ly/hf_webull M1 Finance (perfect for IRA's): ► https://bit.ly/hf_M1_Finance Instagram: ► / honestfinance Advertiser Disclosure: Honest Finance participates in affiliate sales networks and may receive compensation by clicking through the links (at no cost to you). This compensation may impact how and where links appear in this description. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This channel does not include all financial companies or all available financial offers. --------------- Honest Finance covers a broad range of financial topics that'll give your life and finances more value. Subscribe today for future content and be sure to give this video a like! Disclaimer: I am not a financial advisor. These videos are for education/entertainment purposes only. Investing of any kind involves risk, so please conduct your own research. #honestfinance #homebuying