Rising Mortgage Rates Could Erase Home Buyers’ Increased Spending Power

Forbes, Mar. 8, 2021–Brenda Richardson
A home buyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to Redfin.
https://www.forbes.com/sites/brendarichardson/2021/03/08/rising-mortgage-rates-could-erase-home-buyers-increased-spending-power/?sh=3fba69513e3a