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Tuesday, November 29, 2016

Rates gone up

Mortgage Interest Rates Just Went Up… Should I Wait to Buy? No one really knows where rates will be next year. But - once they go up your buying power goes down. Home prices go up - your buying power goes down. Paying rent while you wait does pay off a mortgage - just now yours. So - ready to buy? Bottom line - the waiting game is gambling that a rate or price move will go your way. It can be a pretty expensive loss if it goes wrong. I would be glad to talk with you on the subject, meanwhile - checkout today's article