What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
40% of UrbanTurf-Polled Homebuyers Halting Search Due to Rising Rates
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 to the highest rates in 13 years had resulted in a delay in their search for a new home.
story continues below
loading...story continues above
The results were revealing. Of the buyers who answered the poll, 40 percent said that they would be putting their search on hold, while another 38 percent said that they would keep looking, but lower their budget. Only 21 percent said that the increase in rates was not changing their buying plans at all.
Long-term mortgage rates have soared in recent months, jumping from 3.92% in February to 5.25% last week.
See other articles related to: interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/40-of-urbanturf-polled-homebuyers-halting-search-due-to-rising-rates/19680.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
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