Ilyce Glink Show on WSB Radio: How are rising interest rates and home prices affecting the housing market, and will the Fed pull the plug?
On this week’s Ilyce Glink Show on WSB Radio, Ilyce discussed how mortgage interest rates had the largest one-week leap in 26 years and how this will affect home prices.
Ilyce said in two short weeks, interest rates have gone up half a percentage point. The rising interest rates will start to push first-time homebuyers out of the housing market because they can’t get approved quick enough with interest rates jumping up as fast as they are. However, rising interest rates will not push out investors buying homes with cash. Now what will all this mean for home prices?
You can rely on Ilyce to give you the best real estate and personal finance advice.
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WSB Radio’s Ilyce Glink Show – June 30, 2013
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