30 Percent of Home Buyers Halt Search Due to Rising Rates
✉️ Want to forward this article? Click here.
![30 Percent of Home Buyers Halt Search Due to Rising Rates: Figure 1](https://assets.urbanturf.com/dc/images/blog/2018/05/Mortgage%20Rate%20Graphic_550.jpg)
Rising interest rates are having an effect on the housing search of DC-area homebuyers.
Last week, UrbanTurf polled prospective homebuyers to see if the jump in rates this year (most recently to seven-year highs) had resulted in a delay in their search for a new home.
story continues below
loading...story continues above
![30 Percent of Home Buyers Halt Search Due to Rising Rates: Figure 2](https://assets.urbanturf.com/dc/images/blog/2018/05/Rates-results.jpg)
The results were revealing. Of the buyers who answered the poll, 30 percent said that they would be putting their search on hold because of rising rates, while 47 percent said that they would keep looking. (23 percent were unsure how the rate spike would influence their decision.)
Long-term rates have risen for 15 of the last 21 weeks, so the decision to put a search on hold may not have been one that was spurred on just by rates hitting their highest level since 2011 in the last couple weeks. Still, there is clearly a hesitation for some buyers who have grown quite accustomed to interest rates at or below 4 percent.
See other articles related to: interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/30-percent-of-home-buyers-halt-search-due-to-rising-rates/14039.
Most Popular... This Week • Last 30 Days • Ever
![Buying with Friends: What You Should Know](https://assets.urbanturf.com/dc/images/blog/2010/05/home_value.jpg)
Here are some precautions to take before buying real estate with a buddy.... read »
![$10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/VAFX2180246_45_0_image_560x420.jpg)
The six-bedroom home listed for just south of $10 million back in June went under con... read »
![16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/2500-wilson-1_image_560x420.jpg)
The new project will take the place of an obsolete office building in Courthouse.... read »
![Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/1625-mass-1_image_560x420.jpg)
The three office-to-residential conversion projects have been conditionally awarded t... read »
![500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths](https://assets.urbanturf.com/dc/images/blog/2024/09/resized/parcel-6-park_image_560x420.jpg)
The plans for one of the final parcels at DC's St. Elizabeth's East campus are beginn... read »
- Buying with Friends: What You Should Know
- $10 Million McLean Home Of Former Nationals Star Stephen Strasburg Finds a Buyer
- 16-Story, 325-Unit Building Pitched For Arlington's Wilson Boulevard
- Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements
- 500 Apartments, Live/Work Units And A Park: The New Plans Coming To St. Elizabeths
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro