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The news about interest rates isn't very good these days. Inflation has caused the Federal Reserve to raise interest rates to try to slow inflation, making the cost of borrowing money increase ...
When mortgage rates increase, the impact on monthly payments can be dramatic. Consider a $300,000 home purchase: at 3% interest, the monthly payment would be approximately $1,265.
"Interest rates have increased at the fastest rate in four decades and they are at 20-year highs. As a result, the interest rate-sensitive sectors of the economy such as housing, autos, ...
Fortunately we have 2018 as a guide to understand the impact of rising interest rates on the housing market in 2022. From September 2017 through November 2018, the 30-year mortgage rate rose ...
Mortgages come in two primary forms, fixed rate and adjustable rate, with some hybrid combinations and multiple derivatives of each. A basic understanding of interest rates and the economic ...
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