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Financing in 60093 : Real Estate Advice

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Tue Jun 24, 2014
Lydia DeLeo answered:
Absolutely take advantage of the low interest rate climate we're in because it will not last! Especially jumbo rates which in many cases are rivaling conventional which is an anomaly. Also keep in mind with every 100 basis points rates increase (1%) a buyer's purchasing power decreases by 11% which is significant....so to all those considering buying, now is the time...and to those sellers that have been sitting on the fence waiting for home values to go up even more....you may want to rethink your strategy because once interest rates go up buyers won't be able to afford as much home so CARPE DIEM! ... more
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