Rising mortgage rates will put downward pressure on all real estate prices.
1 year ago
2
In this video, I'm talking about how the rising mortgage interest rates will put downward pressure on all real estate prices. The payment on a $300,000 mortgage has risen 66% from $1,267 to $2,100 as an example. Everyone's borrowing power is going down so all real estate will see some degree of devaluation.
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