Rising Mortgage Rates Are Good For The Market
Yes that is right. “The rate jump could very well be a deterrent for those buyers on the fence. Or it will motivate people to make a move, instead of waiting for financing costs to grow more expensive.”
Also, it will make borrowers stop listening to the media about rates of 4%. It is pure greed. Rates are at historic lows, don’t miss out on it over .25% difference in rate.