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How Much Do Mortgage Rates Affect Home-Buying Ability?

How Much Do Mortgage Rates Affect Home-Buying Ability?


February 25th 2024

Mortgage rates play a significant role in the home buying process, even those paying cash, impacting both prices and the overall market. Even minor fluctuations in rates can have substantial consequences on a buyer's purchasing power.  Understanding just how much different rates affect home buying capacity is crucial for prospective buyers to make informed decisions and maximize their investment in real estate.  Here is a handy graph that clearly shows what different rates can do for you.  But, remember: don't try to time the market, spend time in the market!

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