How Interest Rates Affect Home Purchasing Power

We hope you and your family had a wonderful Easter holiday! We’ve seen a long stretch of super-low mortgage interest rates, but that’s about to end. Rates have already gone up by about 0.5% from their low of 2.65%, and they may rise to 4% by the end of the year. Today I have two different charts to share that show just how much rising rates impact home affordability. Just a 1% increase means your buying power goes down 10%. To learn more, watch our latest video.

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