Buying a Home or Selling, Here's Why You Must Act Now

Posted by Bonnie Martin Designated Broker on Monday, August 19th, 2013 at 12:02pm.


thestreet.com - Homeowners who've wanted to sell should be cheered by recent news of rising home prices, easier lending terms for buyers and general economic improvement that encourages house hunting.

But the silver cloud has a dark lining: Rising interest rates can undercut home prices.

 

Rising mortgage rates are hardly a crisis, as they're still low by historical standards, but prospective sellers should keep the rate and price relationship in mind as they plot their strategies.

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