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Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready?
In real estate, the right time is always now for someone. Is it the right time for you? There’s more to determine than interest rates.
Here’s how to break it down:
The bottom line is that it’s your bottom line that matters. Just because interest rates rise doesn’t mean you should jump into ownership before you’re ready. But don’t let it stop you either. Discuss your plans with your real estate professional. They have a finger on the pulse of the market to help you time when a purchase is right for you.
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