The 30 year fixed rate mortgage hits highest level since 2007, close to 7%. What's this mean for the housing market?
Buyers - Good news - this is your best chance of the year to get a better deal on a home. Sellers are much more willing to negotiate.
Bad news - it's important to monitor your financial situation and work with your loan officer to make sure your payment is still affordable.
Sellers - it's vital that your home is presented, marketed, and most importantly priced well in the current market environment.
Reach out with questions.
Weekly Housing Market Update - September 14
