Understanding Interest Rates

Interest rates play a significant role in the real estate market. Here’s how they affect buyers and sellers:

Buying Power

Lower interest rates increase buyers' purchasing power, allowing them to afford more expensive homes.

Market Activity

Higher rates can slow down market activity as potential buyers may be priced out.

Refinancing Opportunities

Homeowners may seek to refinance when rates drop, impacting the overall market dynamics.

Investment Decisions

Investors closely monitor interest rates to make informed decisions about property purchases.