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Today the federal reserve announced that it will be raising the federal fund rates .25% from 1.5% to 1.75%.  The question is how will this affect you if you are buying a home or selling a home.  Well, if you are a lucky home buyer that already locked in your interest rate with a mortgage lender you have nothing to worry about.  But, if you are home shopping now and have not secured a loan and interest rate, you will most likely be affected.  This is not a dramatic increase and if you do the math of $200,000 at 4.5% vs 4.75% the payment change is only $30 per month.  Now if you are looking for a larger mortgage let's say $750,000, you are going to see a payment increase of $112 per month using those same example rates.  

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If you have been searching for homes for sale in Howell, Michigan you may have just found your next dream home.  5596 Kristin Drive in Howell, MI just hit the market at $449,000 and offers over 4,000 square feet of living space, 4 Bedrooms, 5 Bathrooms and is sitting on a lot that is nearly a full acre in size.  

The real estate market in Howell, Michigan has shown major signs of continued growth and this home is an example of what has been selling fast.  5596 kristin Drive was built in 2004 and offers 4,059 square feet of living space.  You will find yourself in a very open floor plan with many upgrades.  The spacious chef's kitchen offers a large island, high-end appliances, and an incredible fireplace with flat sreen tv above it.  

5596 Kristin Drive, Howell, MI

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