b) You got busy and didn't find the right home and now it is spring 2024 and you are looking at homes again. The good news is that there are more homes available for sale, but the bad news is that mortgage rates have gone up because of inflation. Assuming that you can get a rate of

7.44%

APR for a 30-year mortgage and further assuming that you can still afford to pay

$1,650

per month, what is the highest amount you can now finance on a home?

You got busy and didn't find the right home and now it is spring 2024 and you are looking at homes again. The good news is that there are more homes available for sale, but the bad news is that mortgage rates have gone up because of inflation. Assuming that you can get a rate of 7.44% APR for a 30-year mortgage and further assuming that you can still afford to pay $1,650 per month, what is the highest amount you can now finance on a home