INTEREST RATES AFFECT HOME SALES

 

 

 

The interest rate was just raised for the first time in more than 3 years.

And… It is expected to be raised several more times this year.

Due to these hikes, mortgages are becoming more expensive for buyers.

That means buying power is diminished, so home buyers will not be able to afford as much house for the same money.

Question: Will that reduce the price one can expect when selling their home???

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This post was written by Rumana Jabeen

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