When mortgage rates rise, your real estate strategy may need to change. Before making your next move, ask your agent these five questions:
1. How are higher rates affecting our local market?
Local prices, inventory, and buyer demand may react differently than national trends.
2. Do I have more negotiating power?
Less competition could create opportunities to negotiate price, repairs, or seller concessions.
3. Should I adjust my price range?
Higher rates can increase monthly payments, so ask your lender for updated numbers.
4. Could a seller help with a rate buydown?
Depending on the loan, seller concessions may help reduce financing costs.
5. Is it better to move now or wait?
Ask your agent to compare both scenarios based on your goals, budget, and local market.
Rates matter—but they’re only one part of a smart real estate decision.
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