How Will The Rising Interest Rates Affect You?

Dated: June 1 2017

Views: 135

If you are thinking about buying or selling it is very important to pay attention to the current interest rates and know how they are going to affect you! When interest rates go up they raise a buyer's monthly payments which makes the affordability go down as one's income does not change. What this means is that many buyers who were previously approved, with lower rates, for $450,000 are now getting approved for $425,000. 

This has a direct impact on sellers in that the entire pool of buyers may no longer be able to afford to purchase your home as easily, which can put downward pressure on the pricing of your home. It's all about supply and demand. 

If you are looking to buy, obviously you want to have the lowest interest rate possible which will allow you to afford more and have a higher budget.

If you are looking to sell and would like an analysis of what it will take to sell your home at top value, or are interested in taking advantage of the rates while they are lower, GIVE US A CALL at 703-338-0872!

We've just launched a new website! Check out for all kinds of statistics on your neighborhood's specific market

Blog author image

Kim Barber

Buyers - Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investmen....

Latest Blog Posts

Important Home Selling Mistakes to Avoid | Home Selling Tips | Get Your Home Ready to Sell 2022

CLICK HERE NEW VIDEOIf you are thinking about selling your home in the Northern Virginia real estate market, there are a couple of things that you should take note of! In this video, Kim branches

Read More

4 Ways to Deliver Your Home to the Market

Here are the four ways to deliver your home to the real estate market.Are you thinking of selling your house and wondering whether you should do anything to improve it before putting it on the?

Read More

3 Strategies on How to Buy and Sell Real Estate at the Same Time

Are you a homeowner who really wants to buy but isn’t sure how to sell your home and buy at the same time? There are two key things that you need to think about : 1. Is your home purchase

Read More

Loudoun County Real Estate Market Report for Jul7 2020

Click the video link to listen to Kim Barber share insights into the July 2020 Loudoun County Real Estate Market.  This covers the areas ranging from Sterling real estate market, Ashburn and

Read More