How Rising Rates and Falling Prices Are Impacting Redlands Home Buyers
Since reaching near all-time lows, mortgage interest rates have jumped to over 6% for 30-year fixed-rate mortgages. That’s a pretty substantial increase in less than two years, and it makes affordability a bigger issue for many home buyers. But on the flip side, higher rates likely mean falling home prices, which until recently have been soaring. So let’s dig in and see how rising rates and...
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