How Interest Rates Affect Affodability

By
Real Estate Broker/Owner with Eagle Ridge Realty / Signature Homes & Estates CalBRE# 01309169

This is an inforgraphic produced by the California Association of Realtors to share.  With rising interest rates, rising home prices may take a slight pause and level out.  Over the past 32years in this business, I've seen this happen many times.  I started my career as a lender for a very large bank here in California.  Not once did anyone ask me "What can I afford" but rather asked me "How much money can I borrow?"   Rising interest rates, without an increase in wages, will most like make the current market start to cool.  That said, I don't see interest rates rising too quickly.

 

Interest rates

 

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Topic:
Home Buying
Location:
California Santa Clara County
Tags:
interest rates
housing prices

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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I've always defied the odds of what I can "afford" because of down payment.

May 07, 2018 09:13 PM #1
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

You made me smile, I saw this Infographic today and I said to Diane I will have to do a Blog Post about it, you beat me to it:)Endre

May 07, 2018 11:45 PM #2
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Gary Frimann

REALTOR and Broker
All Real Estate is Local!
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