Interest Rates and Your Pre-approval - EP169 - Real Facts on Real Estate

<p>In this week's episode, we discuss the interest rates and how they could affect your client's pre-approval. A slight uptick in rates can mean a major downward trend in your client's purchase power. As the rate goes up, it increases your client’s monthly payment. In real estate, everything is about the monthly payment. When this monthly payment becomes unaffordable for your client, then their purchase price needs to be lower. </p>