What’s the Real Cost of Rising Interest Rates?

In case you weren’t already aware, mortgage interest rates have steadily been on the rise since January. They’ve gone up by about 0.5% in just a few months. This means buyers have less purchasing power than they did at the start of the year. If the trend continues, purchasing power may drop by a whopping 20% by the end of 2021. To learn more about what’s going on, watch this short video.

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