Buyers who need to finance shouldn't wait to long, rates are on the rise. If you aren't one of lucky ones who have cash to purchase, then it is now time to leap off the fence. It seems that new money to purchase a home is now rising above the record lows we have enjoyed the last couple of years. As these rates go up the amount in monthly payment go up also. Right now many families are able to purchase a home less than what a similar home can rent for on the same street. It seems the waiting is over. Although we may still see some prices adjust a little lower in some markets the real risk is in inflation and the rise in interest rates which will affect the monhtly payment for 30 YEARS.
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