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Historic interest rates are on the way up. I found this article on CNN Money showing the trend of rising interest rates.
Several experts believe that for 2011, the interest rates will stay between 5-6%. According to the article, when the interest rates went from 4.25% to 5%, buyers lost 9% of their buying power.
What will happen to your buying power when the interest rates push 6%?
Check out the article here CNN Money, and give me a call today.
I love this. I have been telling my clients that, but sadly we did will a lot of procrastinators that think they will always have the opportunity, and then next thing you know they are stuck.
Great graph!! We keep trying to educate people on this, but I think pictures speak 1000 words is true--this is powerful, thanks!
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