Just a few weeks ago the 30-year fixed interest rates were being quoted at about 3.75%. Today we’re seeing 4.5%. That means it will cost you about $30,000 more today than last month to pay off the loan for Rapid City’s median-priced homes.
We’re also hearing that mortgage rates are expected to continue a general upward trend from here.
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Helping older persons sell homes stress-free, no hassle, lowest risk. Specialist in downsizing, vacation home investments, green homes, and tax-deferred sales. Nationally Certified Senior Advisor.
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