MORTGAGE MONDAY: THE IMPACT OF RISING MORTGAGE RATES

As the mortgage rate inches up, CNBC asks how will a 5% mortgage rate affect prospective homebuyers?  For some, affordability may become an issue.  But with tight credit and limited inventory, we are not likely to see a decrease in prices.  And with more buyers than the current housing supply can support, the idea of a housing bubble just doesn’t hold water.


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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

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