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During these days when mortgage interest rates are high and the future of refinance rates unpredictable, you may be wondering whether you should buy or sell a home—or wait until better economic times. It may surprise you to know that now could be a good time for either move.
Advantages of Selling Your Home When Interest Rates Are High
Higher interest rates today mean that fewer buyers are looking to buy. The current rate of 7 percent has added about $300 or more to the average mortgage payment. It has stopped many potential buyers from looking any further.
People with enough money to continue looking for another house are willing to pay more. Although there is less bidding, it is not unusual for buyers to make offers considerably higher than the list price…. Source
Buying or Selling a Home When Mortgage Interest Rates Are High
November 5th, 2022 
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