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Higher Interest Rates Having Little Effect on the Market

Posted By Wally Reule @ Jul 22nd 2013 3:46pm In: Sedona Real Estate Market News

Interest rates keep inching higher, and currently stand at about one percent higher than their historic low a couple of months ago, but sales continue to be strong. The National Association of Home Builders announced last week that their housing-market index is at it's highest level since January, 2006, and we all remember what it was like then! Additionally, the index showed a .5% increase in purchase applications.

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