If you can buy, why rent?
Mortgage Interest Rates spiked, mainly because of the evident consumer confidence in the market. Home sales will increase and listing times will decrease, if you list to sell! A 1.000% INCREASE in rates to the average buyer is relative to a $50,000 decrease in buying power. Sitting on the fence will only decrease your potential to get the best of both, great rates and a low sales price. This goes for sellers too, if you wait to price accordingly you will always be in 2nd/3rd/4th place…sell now to win on your next home! Sell now to ride the buyers wave of cheep money!