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How Rising Mortgage Rates May Affect Your Purchase

Posted on August 1, 2013 9:08 AM | View All Blog Posts

Interest rates on mortgage loans have been incredibly low for several years, encouraging many people to make the investment in a new home. However, mortgage rates have lately been on the rise. According to this article on CNN.com, mortgage rates are expected to keep rising as long as the economic recovery continues.
 
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There is good news here though. The rise in interest rates means the economy is becoming healthier, and that's a positive sign for all types of investments. Also, while rates may be rising, they are still historically cheap, and it's not too late to get a great deal on financing a new home.
 
If you've been on the fence about purchasing a new home, now is the time to make that move before rates go any higher. Whether you're looking for a townhome, a 3,000+ square foot home or anything in between, we have an option that is right for you at the Villages and Cottages at Autumn Lake.