Will Rising Mortgage Rates Cool the Market?
What do you think. I began working in real estate sales in October 1994. I remember Realtors Brokers with me the days when agents were selling homes in the 1980's for 18% interest. I learn of testimony of when buyer's purchased homes at 14% interest rates and that was an opportunity for the family to own their own home! When you put the cost of borrowing into perspective, today's rising rates still are very attractive! The benefits to owning your own home or growing real estate wealth and earning passive income through investment income properties is still very attractive!
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