Tag Archive for: rising rates

The Cost of Waiting To Buy…

A pre-approved buyer of ours is devastated because he lost $75,000 of purchase power, despite getting a raise, and is now priced out of his desired market. This is a result of two things: (1) higher rates; and (2) waiting months to make offers.Read More

Why Higher Rates Don’t Hurt Home Prices

“When rates go up, home prices will crash!” We have all heard similar statements numerous times, but they are not true. While higher rates increase mortgage payments and decrease qualifying […]Read More