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Thursday, March 2, 2017

Going Up?

Mortgage Rates Impact on 2017 Home Values. Well, we can expect rates will move up. How much and how fast is uncertain. We have already shared that the increase will impact how much house can be bought for the same money down and same monthly payment and now time to look at what rate increases mean to appreciation. We leave that to the experts as summarized in today's article but it looks like 5% - 6% would be the biggest impact and of course significant increases would impact buyers and possibly slow demand. So, bottom line - again - no better time than the present if it is time for you to move - first time buyer or repeat buyer - the rates and the prices are good now! Are you ready