Rising Interest Rates Equals Decreased Purchasing Power
Interest rates are rising and this means that if you are considering selling your home, and or buying a new home, you should do so sooner, rather than later.
If you have prospective buyers, and rates continue rising, which they are projected to do, then the amount of home those buyers can afford decreases. If you are considering purchasing a home, your purchasing power decreases as rates increase.
Now is the time to act if you are thinking of buying or selling.
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Do you need help repairing your credit to put yourself in a position to get a better interest rate and purchase a new home? Learn more about how Financial Education Services can help put you on the path to increase your credit score, and or rebuild your credit.
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P.S. Are you thinking of starting a career in real estate? I’d love to share more about how there may be a fit between what you’re looking for in a brokerage and what our brokerage has to offer.