How Do Rising Interest Rates Impact Sellers?
Richard L. McKinney
Broker/Owner of RE/MAX GOLD /SRS, ABR, CLHMS, RE/MAX Hall of Fame
The big news in the housing market this week is that interest rates officially surpassed 6%. That obviously affects many homebuyers’ prospects, but sellers have also been reaching out to learn how rising rates impact them. Today I’ll discuss what home sellers need to know about our changing real estate environment. One way this could affect you if you’re planning to sell is that it may make qualifying for a loan more difficult for your prospective buyers.