Don’t let rising interest rates scare you away from purchasing a home. As interest rates rise, housing prices have been coming down to match the decrease in buyer demand. Remember, you can refinance should rates lower in the future, but you can’t change the home’s purchase price. A lower purchase price comes with lower property taxes and a higher potential return on investment. So keep in mind although rising interest rates are not ideal, there are some positive impacts that they can have, and you can refinance if rates come back down again.
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