First-Time Buyer Interest Strong Despite Rising Interest Rates

 

Interest rates are rising. According to Freddie Macthe current rate for a 30-yr fixed mortgage is 4.81%, which is up a nearly a full percentage point from a year ago. While some were concerned the rising interest rates would have a negative impact on the market, particularly with first-time homebuyers, it looks as if the changes in interest rates are doing little to dampen buyer demand. According to First American’s most recent Real Estate Sentiment Index (which explores how sensitive first-time homebuyers are to rising interest rates), mortgage rates would have to hit 5.6% before first-time buyers delay entering the market. And because mortgage rates aren’t predicted to rise that drastically anytime soon, we shouldn’t see any negative impact on buyer interest in the coming months.

The Takeaway

If you’ve been hesitant to list your home thanks to fears that rising interest rates will limit the number of buyers, there’s nothing to worry about. Buyer demand is showing no signs of slowing.

 

Now go out and make somebody smile:)

Patricia !!!!! "RahRah"

 

I have been a 5 star Realtor® in the Bellevue/Seattle Area of Washington State, and mentor of Real Estate for 25 years nationally. My goal is to provide the best service, so you will happily refer me to your friends, family and co-workers. So if you are in need of a Top Realtor® or need a mentor/coach, to inspire, motivate, and bring more positivity into your life...Let's talk!

Contact me at patricia@patricialove.com

 I am a podcaster, motivator, mentor and a Inspirational Realtor® based in Seattle, Washington who love's moving people with heart. 

In addition to being a Realtor and mentor in Seattle, Wa. I am an advocate for buyers and sellers nationwide, and will personally screen and help you choose the best Realtor® if you are relocating around the US or Canada, (from my vast network nationwide) for your specific wants and needs. It's personalized! So contact me at Patricia@patricialove.com

What I do... is Real Estate, but who I am... is living life in a positive way, giving value in what I do...and always "Moving People With Heart!"

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