Blog > How Do Rising Interest Rates Affect Homebuyers?
Rising interest rates directly influence how much home a buyer can afford. A higher rate increases monthly payments and can reduce purchasing power by tens of thousands of dollars. However, rate changes also tend to cool competition, which can lead to more negotiating room and less bidding pressure. Many experienced agents remind clients that buyers can “marry the house and date the rate” — meaning you can refinance later if rates drop, but you can’t go back in time to buy a home that appreciates. Timing and strategy matter, but ownership remains a long-term win.
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