Interest Rate Rise Could Decimate First-time Property Buyers

While there are high hopes for a general recovery in the US real estate market on the back of Donald Trump’s presidency, there are concerns about rising interest rates. Amid speculation that the Fed could increase US base rates up to 3 times during 2017, what would this do to first-time property buyers? Even though base rates are still near historic lows there are serious concerns about the bottom end of the US property market as and when base rates move further ahead.

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