How Interest Rates Impact Home Prices
October 29, 2024
In the world of real estate, there is a constant buzz surrounding the actions of the Federal Reserve, particularly when it comes to interest rates. Many homeowners wonder how these fluctuations affect them and their homes. If you have a locked-in mortgage and no intention of moving, interest rate changes may not directly impact you. However, for those considering selling or buying a second home, understanding the effects of interest rates is crucial. In this blog post, we will delve into the ways interest rates influence home prices, financial decisions for buyers and sellers, and how it can make acquiring loans more challenging.