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Rising Interest Rates vs Falling Real Estate Prices

Did you know that if mortgage rates rise just 1% from today’s levels, the home price must DROP by 11% to keep your mortgage payment the same?

If mortgage rates rise 2%, the home price must drop by 22% to keep your mortgage payment the same.

Fannie Mae is predicting that rates will rise above 5% in 2012.

What are you predicting for future interest rates and home prices?

If you think it’s more likely that the interest rates will rise 1% than home prices dropping 11%, then it’s a good time to buy.

If you’d like to start looking at real estate opportunities, search here.

Credit goes to Lonnie Glessner at America’s Mortgage, LLC for his research and statistics in this article.
303-993-2367 Lonnie@EndingFinancialInsanity.com

About Vickie Hall

Vickie Hall is an experienced Realtor and real estate investor based in Centennial Colorado. She's firmly committed to community service, and is the creator and administrator of 365 Things to Do around the Centennial & Denver area. and @CentennialBuzz. For more real estate information, read articles on her blog. Vickie is a RE/MAX agent and can be reached at Vickie@DreamsCanHappen.com

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