img_4544-1Interest rates have been increasing since late November 2016. They are projected to continue to rise through 2017.

What does this mean for you, Mr Buyer? It means a higher monthly payment. See the diagram to the left*.

The same home today will cost you more every month tomorrow. If interest rates continue to rise, you will lose buying power. Therefore, if you are able to buy today, don’t hesitate or else you will end up paying more tomorrow.

*Not actual figures, estimates only. Check with a lender for actual numbers [HERE]


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