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The Housing Market Is Cooling, but Here's Why You Might Still Be Completely Priced Out

The Housing Market Is Cooling, but Here's Why You Might Still Be Completely Priced Out

Read on to see how higher mortgage interest rates can have a detrimental impact on your efforts to buy a home, and to learn some ways you can try to bite back if you've got your heart set on becoming a homeowner sooner rather than later. Let's take a look at two home-buying scenarios with two different interest rates. You've gotten your offer accepted on the same $350,000 home, and can put down the same 20% (always a good idea if you can swing it, as you'll avoid having to pay for private mortgage insurance).