Every agent needs a clear understanding of how mortgage interest rates work and the effect they have on the cost of homeownership. As talk of recession, deflation, stagflation and negative rates continue to increase, we are entering a period where your knowledge in this important area can save your clients thousands of dollars.
- The Fed will probably raise rates sometime after the November election.
- It’s important that you explain to your buyers the cost of waiting if rates do increase.
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