borrow $100,000 @ 5 percent and pay $536.82
borrow $90,000 @ 6 percent and pay $539.60 (a 10 percent decrease)
If the market declines 10 percent and the interest rates go up... affordablity isn't going to get better.
Look at interest rates at higher interest rates
borrow $100,000 @7 percent and pay $665.30
borrow $100,000 @ 8 percent and pay $733.76
We are not likely to see interest rates like we have today.
