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Posted on October 13, 2014 - 02:25 PM
by john kavazanjian
I do not think the specter of raising mortgage rates have moved the real estate market. I think other factors such as raising prices, tight credit, and low inventories etc. etc. weigh more heavily in today’s buyer decisions. I do think buyers are more concerned with other factors although as the article below points out a 1% rise in rates can add an extra $700.00 to a mortgage loan.
This issue has been discussed a lot. No one has a clear answer so I think buyers put it out of their analysis.