When it comes to buying and owning a house, two significant variables will impact how much you spend on your mortgage: home prices and interest rates. Both play a crucial role in the total cost of your mortgage. This raises an essential question for home buyers: Is it better to buy a less expensive house with a higher interest rate or a more expensive house with a lower interest rate? The relationship between house prices and interest rates Deciding whether to prioritize a low home price or a low mortga ...