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Rents set to sky-rocket and the Dollar is dead
Rising mortgage rates will send many qualified home buyers toward an already slim-pickens rental market. Combine that with landlords currently experiencing a great awakening in how much they could get for rent and you'll see rents go up more this year than probably any year in history (my guess). Look at this graph showing the purchase power of the US Dollar. Truly sad to see. Links below. Hope it helps!
SUBMIT YOUR SCENARIO - get a loan quote specific for you and fast! All I need is the following info…feel free to email or text:
- Loan amount
- Home Value (purchase price)
- Approx credit score
- Condo/Detached
- State property is in
I will get back to you ASAP! :)
Derrick Evens, Home Loan Specialist, NMLS 155010
Derrick@DerrickEvens.com
619.952.2046
VA mortgage rates, FHA mortgage rates, Conventional mortgage rates, JUMBO mortgage rates today
Links:
https://www.mortgagenewsdaily.com/news/03152022-rent-rent-price-growth-sfri?fbclid=IwAR0Ghu2Ny3WoR_3sMiImNa0ztcDhaQIXnP-ugyUBhIyjT_Fg2KmOsB6HHSw
https://www.cnbc.com/2022/03/18/february-home-sales-fall-far-more-than-expected-as-mortgage-rates-rise.html
https://www.cnbc.com/2022/03/18/russia-central-bank-keeps-rates-at-20percent-but-warns-of-considerable-uncertainty.html
https://fred.stlouisfed.org/series/MORTGAGE30US
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