THE IMPACT OF
RISING MORTGAGE
RATES
RATES ARE ON THE RISE
Leonardo and Angelica,
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up over 5%, and rates are forecast to continue to increase in the year ahead. While that news may have you questioning the timing of selling your home, the market has not slowed down!
If you are thinking of selling, now may be the perfect time to act. Listing your home this season means you’ll be in front of serious buyers, which could result in multiple competitive offers.
Rising interest rates may greatly reduce the number of qualified buyers, affecting what your home sells for. However, serious buyers are approaching the rising rates as a motivating factor to buy sooner before rates increase even more.
If you are ready to make a move, call me today at 301.370.6005.
WHAT DOES THIS MEAN FOR YOU? Sellers should act fast. Listing your home now provides an excellent stage to highlight your home and capture the steady buyer demand, especially as competition continues to rise. Let’s make your home stand out from the crowd!
EXCEPTIONAL SERVICES WITH RUSS GELSTON, YOUR MILESTONE REAL ESTATE EXPERT | 301.370.6005