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Impact of Interest Rate Changes on a $250K Home Purchase

Interest rates are increasing.  It's not the end of the world, but buying soon will likely be more affordable than buying later.....

Impact of Rising Interest Rates

The payments shown above only reflect principal and interest, not taxes and insurance.
 
Impact of Rising Interest Rates
 

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We Might Actually Have a Few Homes to View!

I haven't said that too often over the past five or six years. Since the pandemic, the housing market has ranged from very tight to pretty tight in most price ranges. As…