The Scoop on Interest Rates -
Now that rates are climbing there's speculation that the housing market may crash - fortunately that is not the case. With the limited inventory we are still experiencing there are still very qualified buyers able to purchase. While it might be a good time to re-visit pricing as rates rise it is still a good time to list your home. Where we previously had multiple offers and over asking price offers that trend is re-balancing to a more level playing field. Below is the average rates nationwide
this is Dave Ramsey's advice on what he is seeing for the housing market in the future.
https://www.youtube.com/watch?v=fORUvZNm3oo
Nationwide as of Sept 30,2022
Conventional 30 year fixed rate 7.492%
FHA 7.18 %
VA 7.25 %
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