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The biggest mortgage rate increase so far – Tom’s Take 270

Last week, we had the biggest rate increase from the Federal Reserve in a decade. With these changes, brings uncertainty.

Rates are in the mid 5% range.
Affordability has gone down.
The cost of money has gone up.
Inflation continues to be an issue.

Tune into episode 270 of Tom’s Take to find out what this means for the Real Estate market and what you need to know as a buyer or seller.

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Our agents write often to give you the latest insights on owning a home or property in the local area.