The question on so many home buyer’s minds is, “is it time to buy?” In some circumstances it is. For those requiring a mortgage, the rates available today would indicate it’s time.
Those rates impact buying power. Here’s a simple chart demonstrating what interest rates increasing does to buying power.
As a seller, this is why it is important to price at market value. The longer you stay on market, the buyer pool of your home may shrink due to these rates.
Speak Your Mind