Interest rates go a long a way in determining the monthly payment.  Some people feel it is better to wait and see if home values go down and then buy.  Here is a brief calculation showing what happens when interest rates go up and the home value goes down:

Effect of rising interest rates on monthly payment

 

It is a great time to buy a home - I will help you get through this market.  Call/Text me at 770 722-7010 or email me.

 

John Foster - serving as a full time agent since 2003.