Tag Archives: purchasing power

Chart: Home affordability and the impact of rising mortgage rates!

HAVE YOU EVER BEEN TO A CLOSING WHERE THE TITLE WASN’T CLEARED? WE HAVEN’T! ________________________________________________________________________ The impact that an increase in mortgage rates has on real estate affordability, also known as purchasing power, is a concept extremely familiar to most prospective buyers who watch them on a daily basis until they are locked-in! The chart below illustrates the […]