Does that mean I should buy or sell now?
When buying or selling a home, you’ll always want to consider a number of factors including: Where are interest rates at and where are they heading? What’s my plan? What’s my motivation behind the decision? Where are we in the real estate cycle?
If you are feeling rushed due to changing interest rates and think you need to lock in a deal before it’s too late, please take a moment to catch your breath. Buying a home will be one of the most important purchases you may ever experience, and you do not want to rush into something too fast. Once you’re confident you’re ready, that’s when it’s time to pull the trigger.