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Interest Rates Rising / What Can a Buyer Buy

“In the 18 years prior to the economic collapse of 2008 the average rate on the 30-year mortgage was 7.4%. In 2010 the 30-year rate fell into the 4’s for the first time since 1964. During the years of 2012-2016 mortgage rates were in the 3’s.
However, in 2017 the rates began reaching back into the 4’s and in 2018 rates have been in the 4’s and expected to be in the high 4’s by year end. By 2019 and 2020 interest rates will move to the 5’s the first time in the last 10 years.”

- Kevin Buddle

 

INcome Interest Rates Rising / What Can a Buyer Buy

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