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Will Home Prices Fall as Mortgage Rates Rise?

(Published on - 7/24/2018 4:19:07 PM)

Yes. Mortgage interest rates are rising, but that is not necessarily a bad thing!

Mark Fleming, First American’s Chief Economist said,

"The driving force behind the increase are healthy economic conditions…The healthy economy encourages more homeownership demand and spurs household income growth, which increases consumer house-buying power. Mortgage rates are on the rise because of a stronger economy and our housing market is well positioned to adapt.”

>>CLICK HERE<< to read more about the rising interest rates and how they are projected to impact the housing market.

What are your thoughts on the topic? Tell us more by emailing AndreaKane@RealtyExecutives.com

 

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