SANDY FLORES BROKER
Award Winning Realtor * International Real Estate
Contributor @TELEVISAUNIVISION KMEX 34
Los Angeles, El Gordo y La Flaca, Santa Ana College
Home buyers since the end of 2021, experienced mortgage interest rates that have continued to rise after almost two years near or below 3%.
Rates remain low from a historical perspective, but much higher than the last few months of this year so far.
With higher interest rates, the total cost of a home to buyers increases even beyond already sky-high prices.
Rates are rising at a rapid pace and show no signs of stopping anytime soon.
Rising rates may reach a tipping point where some buyers would have to leave the market.
For sellers looking to get the best dollar for their home, it might be smart to sell a home before rates go up.
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