Last week, long-term interest rates rose to their highest level in seven years. On Thursday morning, Freddie Mac reported 4.61 percent as the average on a 30-year fixed-rate mortgage, the highest level for rates since July 2011. While there have been a number of media reports that state rising rates will not deter people from looking for a new home, UrbanTurf is wondering if that is really the case. So, prospective homebuyers and real estate professionals, has this jump in rates resulted in you or your clients delaying the search for a new home? Let us know in the poll below. And if you have stopped your search, email us at email@example.com.
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This article originally published at https://dc.urbanturf.com/articles/blog/will-rising-interest-rates-delay-your-housing-search/14015.
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