Will Rising Mortgage Rates Crush Your Dream?
🚨 **Homebuyers Beware: Will Rising Mortgage Rates Crush Your Dreams?** 🚨
Hey there, Future Homeowners! 🏠
Time to talk about something serious: rising mortgage rates. 📈💸 Here’s what you NEED to know.
📌 **November’s Rate Increase:**
If the projected rate increase in November happens, we're looking at an 8% interest rate. Are you prepared? 🤔
💵 **Average Mortgage Payments:**
We're already staring down an average mortgage payment of $2,300. If rates go up a quarter point, say hello to $2,500 or even $2,700! 😱
👨👩👧 **Income Requirements:**
Got a family income of $100k? Rising rates might make homebuying unattainable. 😢
🏡 **Low Inventory:**
With fewer resale options and falling prices, should you even put your house on the market right now? 🤷♀️