Interest Rates & Buyer’s Purchasing Power

Interest Rates have remained at or above 4% since they first crossed the threshold on June 4th (according to Freddie Mac’s Weekly Mortgage Market Survey).

I do believe rates will increase. With the exception of Fannie Mae, the experts all believe that rates will jump by a full percentage point by this time next year, as shown in the chart below:

Buyers-Mortgage-Rate-Projections

 

 

 

 

 

 

I have provided you with 10 slides that show exactly how the amount of home buyers can afford goes down as rates increase. Let’s Shop! 631-774-2528

BuyersPurchasingPower1 BuyersPurchasingPower2 BuyersPurchasingPower3 BuyersPurchasingPower4 BuyersPurchasingPower5 BuyersPurchasingPower6 BuyersPurchasingPower7 BuyersPurchasingPower8 BuyersPurchasingPower9 BuyersPurchasingPower10

 

 

 

 

 

 

 

About The Author

Jolie Powell

Jolie Powell has been a distinguised leader in the Real Estate industry since 1987. Prior to entering the world of Real Estate, she worked as a TV producer for the Advertising Agency, Dancer Fitzgerald Sample in NYC. Jolie's expertise in counseling buyers and sellers brings people together from Long Island, and indeed, Globally! Having lived abroad and traveled extensively, Jolie has an excellent understanding of many cultures. As a Cuban-born American, she is fluent in Spanish and communicates well with international clients relocating to the North Shore of Long Island. Jolie is proud of the high level of trust she and her clients have established and looks forward to continue building exceptional client/broker relationships.

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