What Does This Mean as a Buyer?
Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:![mortgage payment longterm cost](http://static.boomtowncdn.com/wp-content/blogs.dir/1408/files/2015/12/mortgage-payment-longterm-cost-1024x570.jpg)
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