Mortgage Interest Rates Will Likely Be Rising Soon

Dated: 11/01/2015

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The Federal Reserve Open Market Committee met last week and decided to hold the line on interest rates--for now.  But they gave hints that the will raise them early next year.  Did you know that a 1/2% increase in mortgage interest rate can reduce a buyer's purchasing power by more than 5%?  IF you have been saving for a home, even a 1/4% rise in rates could wipe out your purchasing power gain from a year of savings.  But there is still time for you to get into a home purchase contract and lock a low rate before interest rates increase.  And we can help you.  Please ask us how. 

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Call Lynn at 973-222-3777 to set up a 30 minute Buyer Consultation and get the ball rolling on your new home purchase before rates go up!

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