Here’s a quick read from one of our Preferred Lenders Ian Macdonald on Interest Rates.
Lately, I have been asked about the impact of interest rates on the affordability in the housing market. While rates have certainly fluctuated to higher levels over the last year they have come down since the beginning of March and from a historical perspective, interest rates are still very low. In fact, rates are about the same right now as they were in the beginning of 2017. So, let’s look at how rates affect a person’s purchasing power and the affordability of a home…
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