Why an $800k Loan Gets a Worse Interest Rate

The Sell for 1 Percent team unpacks the current Central Ohio market, where mortgage rates are holding steady in the 6-7% range. It turns out that getting a larger loan of $800,000 can actually result in a higher interest rate than a smaller $150,000 loan—a counterintuitive government policy mortgage lenders describe as ‘robbing from Peter to pay Paul’ to incentivize lower-end buyers. With about 50% of Columbus metro listings seeing price drops and a median market time of 35 days, local sellers need to price correctly from the start to attract today’s picky but active buyers.

Watch the full video on YouTube: https://youtu.be/hUVWHWOKOgc