How a 1 Percent Rate Increase Affects a Homebuyers Purchasing Power

You’ve seen the ads.

Posts on social media.

Maybe you’ve said these words yourself.

    “The feds are planning to increase rates, so you better buy a home now.”

But, what does that REALLY mean, and can you illustrate how an increase in interest rates affects a client’s buying power?

Do real estate agents understand the full impact of what a 1 percent rate increase means and how it affects their commission?

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