How will the recent rise in interest rates affect the housing market? Will we see home prices decline or the start to a housing market crash? How does the recent rise interest rates actually affect the monthly housing payment? Are you a first time home buyer buying a house in the 2021 housing market? Are you someone looking at selling a house looking to take advantage of low inventory and high buyer demand? In this video, I discuss why we have seen a rise in the current mortgage rates, how it will affect your monthly payment and how it might actually be a good thing for the housing market 2021.
How do you think interest rates going up will affect the housing market? Will it be enough to stall the housing market enough to start a housing crash? Do you believe interest rates will trend back down? Let me know in the comments below.
Do you have questions about Real Estate? Want to get connected with a Top Producing Real Estate Agent or Mortgage Professional in your market?
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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