How will rising mortgage interest rates affect Buyers and Sellers?
How will the rising mortgage interest rates affect the sellers and buyers? As interest rates increase by 1%, the buyer buying power drops by 10%. That’s pretty significant! The buyer may have to go buy a cheaper house or a smaller house and the seller may not get as many offers or they may not get as good offers.
If you are looking to sell your house, feel free to call me at 858-345-0685 and I’ll walk you through it.
What is your home worth? Click here.
Homes for sale in Carmel Valley Click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 02033796
