Hiking Mortgage Rates & Your Purchasing Power

    The mortgage rate have peaked on almost a quarter of a percent just for the last few weeks, and the  National Association of Realtors are expecting continuous rise for another quarter of a percent by next year.

    Although we are still at the all-time dip with the current rate, these increase translates to a general hike in mortgage interest rates too, which resulted to some buyers to no longer purchase for a rate below 4%.

    When buying a home, the interest rate that you can secure significantly impacts your monthly housing costs and purchasing power, or the amount you can afford for home shopping. As the rates increases, the amount you can budget for your dream home decreases.  

    If you are planning to buy a home and you need professional advice for your real estate needs, call us at (704) 237-0313, or (704) 617-0847. We’d love to have a chat about you on your many option to getting your dream home.

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    Ann Rudd

    Ann is a 3rd generation real estate professional in her family and has inactive licenses in Maryland and Pennsylvania and is actively licensed in North and South Carolina. Seeing other members of her family help others achieve their home ownership dreams inspired her to become a real estate agent. Helping families is what her job is all about. Whether they are buying a larger home, downsizing, transitioning to a new town or neighborhood, Ann's mission is to make those transitions as smooth as possible.

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