{"id":65502,"date":"2019-04-11T16:20:51","date_gmt":"2019-04-11T23:20:51","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=65502"},"modified":"2020-10-06T17:08:00","modified_gmt":"2020-10-07T00:08:00","slug":"move-up-buyers-lower-interest-rates","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/","title":{"rendered":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House"},"content":{"rendered":"<h2 style=\"font-style:italic;\">Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices.<\/h2>\n<p>Last October when mortgage rates were at 4.75 percent\u2014up nearly a full point from a year earlier\u2014<a href=\"https:\/\/redfin.com\/blog\/higher-mortgage-rates-increase-monthly-housing-costs\/\">we shared a version of the chart below<\/a> to demonstrate how your buying power would decline if mortgage rates continued to increase.<\/p>\n<figure id='media-65504' class='align-none'><img src='https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png' alt='How much home can you buy on a variety of fixed monthly payments as mortgage rates change?' title='How much home can you buy on a variety of fixed monthly payments as mortgage rates change?' \/><\/figure>\n<p>The one-two punch of rising interest rates and rapidly-climbing home prices over the last few years has been discouraging for homeowners who were hoping to sell and move to a larger home or a more desirable neighborhood. Thankfully this spring the combination of <a href=\"https:\/\/redfin.com\/blog\/february-2019-housing-market-tracker\/\">stalling prices<\/a> and falling interest rates has re-opened the window of opportunity for these move-up buyers.<br \/>\nAs an example, consider a Seattle-area homeowner who purchased an 1,800 square-foot home in March of 2013 for $325,000, put 20 percent down, and locked in a rate of 3.57 percent on their 30-year mortgage. Here\u2019s a hypothetical look at how their move-up buying power has changed from  a year ago:<br \/>\nBased on the 69 percent growth in home prices since 2013, a Seattle-area home purchased for $325,000 in March of 2013 would likely sell for around $550,000 today, unchanged from a year ago. With a remaining mortgage of around $205,000, the proceeds from the sale of that $550,000 home would be about $310,000. Using that money as a down payment with a monthly budget of $3,000, today\u2019s move-up buyer has a budget of $767,000, up from $741,000 a year ago. Dividing the home purchase prices of $767,000 by the $301 median price per square foot translates to a 2,550 square foot home, about 110 square foot larger than you could buy on $741,000 a year ago.<\/p>\n<h3>Moving up from a 1,800 square-foot home in Seattle<\/h3>\n<table>\n<thead>\n<tr>\n<th>Measure<\/th>\n<th>March 2018<\/th>\n<th>March 2019<\/th>\n<th>Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Current Home Sale Price<\/td>\n<td>$550,000<\/td>\n<td>$550,000<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td>Remaining Mortgage<\/td>\n<td>$212,750<\/td>\n<td>$205,150<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>Home Equity<\/td>\n<td>$337,250<\/td>\n<td>$344,850<\/td>\n<td>+2.2%<\/td>\n<\/tr>\n<tr>\n<td>Home Sale Proceeds<br \/><span style=\"font-style:italic; font-size:85%;\">(i.e. down payment)<\/span><\/td>\n<td>$302,500<\/td>\n<td>$310,000<\/td>\n<td>+2.5%<\/td>\n<\/tr>\n<tr>\n<td>Monthly Payment Budget<\/td>\n<td>$3,000<\/td>\n<td>$3,000<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td>Interest Rate<\/td>\n<td>4.44%<\/td>\n<td>4.00%<\/td>\n<td>-0.44<\/td>\n<\/tr>\n<tr>\n<td>Median Price per sqft<\/td>\n<td>$304<\/td>\n<td>$301<\/td>\n<td>-1.0%<\/td>\n<\/tr>\n<tr>\n<td>New Home Loan Budget<br \/><span style=\"font-style:italic; font-size:85%;\">(based on down payment,<br \/>monthly payment &#038; interest rate)<\/span><\/td>\n<td>$438,500<\/td>\n<td>$457,000<\/td>\n<td>+4.2%<\/td>\n<\/tr>\n<tr>\n<td>New Home Price Budget<br \/><span style=\"font-style:italic; font-size:85%;\">(down payment + home loan)<\/span><\/td>\n<td>$741,000<\/td>\n<td>$767,000<\/td>\n<td>+3.5%<\/td>\n<\/tr>\n<tr>\n<td>New Home Size<\/td>\n<td>2,440 sqft<\/td>\n<td>2,550 sqft<\/td>\n<td>+4.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>To run the same numbers for your own move-up situation, start with <a href=\"https:\/\/redfin.com\/sell-a-home\/home-sale-proceeds-calculator\">Redfin\u2019s Home Sale Proceeds Calculator<\/a> (you can also look up your address on Redfin and find a version of the calculator customized for your home\u2019s value partway down your home\u2019s page), then use the results of that calculator as your down payment in our <a href=\"https:\/\/redfin.com\/how-much-house-can-i-afford\">Home Affordability Calculator<\/a>.<br \/>\n\u201cInterest rates could stay low for months, but they could shoot up in a flash, so the safe bet is to lock in a mortgage rate as soon as possible,\u201d said <a href=\"https:\/\/redfin.com\/blog\/author\/darylfairweather\/\">Redfin chief economist Daryl Fairweather<\/a>. \u201cGlobal economic uncertainty has pushed interest rates down because investors see mortgages as a safe investment even if the rate of return is low. Once Brexit is finally resolved, interest rates could rise overnight as investors regain their confidence.\u201d<br \/>\nWe can\u2019t be certain which way interest rates will move in the future, but what is certain is that if you\u2019re a homeowner who is thinking of moving up, the recent drop in rates combined with the slowdown in the housing market make now a good time to just do it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices. Last October when mortgage rates were at 4.75 percent\u2014up nearly a full point from a year earlier\u2014we shared a version of the chart below to demonstrate [&hellip;]<\/p>\n","protected":false},"author":13505,"featured_media":65504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[32],"dashboard":[],"coauthors":[],"class_list":["post-65502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-market-tracker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House - Redfin Real Estate News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House\" \/>\n<meta property=\"og:description\" content=\"Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices. Last October when mortgage rates were at 4.75 percent\u2014up nearly a full point from a year earlier\u2014we shared a version of the chart below to demonstrate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-11T23:20:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-07T00:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png\" \/>\n\t<meta property=\"og:image:width\" content=\"978\" \/>\n\t<meta property=\"og:image:height\" content=\"894\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tim Ellis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Ellis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/\"},\"author\":{\"name\":\"Tim Ellis\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\"},\"headline\":\"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House\",\"datePublished\":\"2019-04-11T23:20:51+00:00\",\"dateModified\":\"2020-10-07T00:08:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/\"},\"wordCount\":544,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png\",\"keywords\":[\"Housing Market Tracker\"],\"articleSection\":[\"Housing Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/\",\"name\":\"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png\",\"datePublished\":\"2019-04-11T23:20:51+00:00\",\"dateModified\":\"2020-10-07T00:08:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png\",\"width\":978,\"height\":894,\"caption\":\"How much home can you buy on a variety of fixed monthly payments as mortgage rates change?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/move-up-buyers-lower-interest-rates\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/18d447d70adabf376e05ea45cfb78a2e\",\"name\":\"Tim Ellis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g49809922b909433f6e289ea162e9f986\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g\",\"caption\":\"Tim Ellis\"},\"description\":\"Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the \\\"Dispatches from the Multiverse\\\" improvised comedy sci-fi podcast.\",\"sameAs\":[\"https:\\\/\\\/ellis.fyi\"],\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/tim-ellisredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House - Redfin Real Estate News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/","og_locale":"en_US","og_type":"article","og_title":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House","og_description":"Move-up buyers can afford to buy a $26,000 more expensive home in the Seattle area than they could last year thanks to falling interest rates and stalling home prices. Last October when mortgage rates were at 4.75 percent\u2014up nearly a full point from a year earlier\u2014we shared a version of the chart below to demonstrate [&hellip;]","og_url":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2019-04-11T23:20:51+00:00","article_modified_time":"2020-10-07T00:08:00+00:00","og_image":[{"width":978,"height":894,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png","type":"image\/png"}],"author":"Tim Ellis","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Tim Ellis","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/"},"author":{"name":"Tim Ellis","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/18d447d70adabf376e05ea45cfb78a2e"},"headline":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House","datePublished":"2019-04-11T23:20:51+00:00","dateModified":"2020-10-07T00:08:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/"},"wordCount":544,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png","keywords":["Housing Market Tracker"],"articleSection":["Housing Market News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/","url":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/","name":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png","datePublished":"2019-04-11T23:20:51+00:00","dateModified":"2020-10-07T00:08:00+00:00","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/Affordable-home-price-vs-mortgage-rate_2019-Redfin.png","width":978,"height":894,"caption":"How much home can you buy on a variety of fixed monthly payments as mortgage rates change?"},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/move-up-buyers-lower-interest-rates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Priced Out of Moving Up in 2018? This Spring, the Same Monthly Budget Can Buy $25,000+ More House"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/18d447d70adabf376e05ea45cfb78a2e","name":"Tim Ellis","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g49809922b909433f6e289ea162e9f986","url":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/feb22c16d7caf03e08cfd06aef3c2f1593e324fc3767c12e1ba523a4ab5db00b?s=96&d=wp_user_avatar&r=g","caption":"Tim Ellis"},"description":"Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the \"Dispatches from the Multiverse\" improvised comedy sci-fi podcast.","sameAs":["https:\/\/ellis.fyi"],"url":"https:\/\/www.redfin.com\/news\/author\/tim-ellisredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/65502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13505"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=65502"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/65502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/65504"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=65502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=65502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=65502"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=65502"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=65502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}