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  • you should have done it.

  • That's the real estate experts are saying.

  • If you're still sitting on the fence about buying a home or refinancing as Denver seven's Russell Hey, Thorne explains, the stock market might be stable, but mortgage rates they have skyrocketed since Trump won the presidency.

  • Yeah, it's true.

  • Mortgage rates went from 3.75% earlier this week to 4.25% now to give you some perspective on a home like this, which is for sale for $400,000 that means you would pay an additional $114 a month on your mortgage on a home like this.

  • And an additional $41,000 over the term of that loan pretty much changed everything in our country.

  • For the time, people who were on the fence with refinancing or purchasing are being affected right now.

  • The interest rates they thought they were going to get there getting payments, they thought principal and interest aren't what they're getting anymore.

  • Now.

  • It's not all bad news for Homebuyers.

  • Historically rates, and just over 4% they're still way lower than they were even seven years ago when the housing bubble burst.

you should have done it.

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