As we all know, mortagage rates are at historic lows, with 30 year fixed rates at 4.5%. My question is this: when these rates rise, which they will surely will, even 1 point, will we see the market dip worse than what we see even now? Our real estate market in Rockport, Indiana and Spencer County, Indiana is average at the time, and I fear a slight rise in interest rates, even though those rates would historically be low, will worsen the market. Hopefully my fears are not warranted.
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