purchasing power

The Impact of Changing Mortgage Rates

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Some Highlights

  • If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.
  • These charts show how rates generally affect your monthly payment.
  • The best way to navigate changing mortgage rates and make an informed buying decision is to rely on the expertise of a local real estate professional and mortgage
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How Changing Mortgage Rates Can Affect You

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The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year.

The Purchasing Power of Chinese Investors In the U.S. Housing Market

Chinese purchasing power in US housing market

Over the last 5 years, the Chinese have invested over $150 billion into the US housing market - $28.6 billion in 2015 alone. Currently one of the largest foreign homebuyers, the immense Chinese buying interested has helped the recovery of the US housing market.