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In recent months, interest rates have fluctuated, leading many potential home buyers to question how these changes might affect their purchasing power. It's crucial to understand that even a small change in rates can significantly impact monthly payments. By staying informed about current rates and trends, buyers can make more strategic decisions, whether to buy now or wait for a more favorable rate. This post delves into the relationship between interest rates and home affordability, providing readers with data and tips to navigate their next purchase confidently.