Interest rates are rising. Find out what that means for you right here.
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How will the ever-increasing interest rates affect you?
Rates have risen over 4% in the last year. With the amount of mortgage applications having risen by 4.1% and the 10% decrease in inventory, this has had a lot of effects on your buying power for your new home.
Rising rates mean you’ll get less house for your budget.
Overall, it means you’ll get less house for your budget. If you’ve ever thought about purchasing a home, now is the time to do it—before the interest rates go up even more. We have a good inventory for you to take a look at.
If you have any questions about the effects of rising rates on your buying power or about real estate in general, please give us a shout. We can set you up on our buyer advantage program, and you can visit www.peacockrealestate.com to see our current inventory.
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