How Do Mortgage Rates Affect Real Estate?
Posted by Randall Luna on Saturday, October 15, 2022 at 12:47 PM By Randall Luna / October 15, 2022 Comment
Most people are aware that mortgage interest rates affect the real estate market. Most people are not, however, aware of how much they affect the process of buying a home or selling a home.
Interest rates can single handedly be the most important factor in the viability of the real estate market. We will discuss how mortgage rates affect the home buying process which in turn affects the ability to sell a home.
The Affordability of a Home
Many people who ...