High Interest Rates and Purchase Price - EP196 - Homeownership
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In this episode we discuss as interest rates rise, affordability goes down. This means there is less competition in the market leading to less expansion and sometimes even contraction of prices. As a buyer there are two factors in payment that really matter: purchase price and interest rates. The unfortunate thing is they really ever meet one another in a low place. Rates rise and fall with changes in the market. Holding off waiting on the lowest rate when buying your dream home will often make you miss the opportunity.
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