Rising Rates: Spoiling Homebuyers’ Plans?

Homebuyers are concerned about the effect rising interest rates have on their ability to afford a home, but not enough to spoil their plans, according to a recent survey issued by Zillow Group Mortgages. Eighty-three percent of homebuyers who plan to purchase a home in the next three years expect to see those plans through, even if their monthly mortgage payment increases by $100 due to rising rates. Forty-nine percent will forge ahead even if their payment increases by $200.
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