Tag: Interest Rates Affect Homebuyers And Sellers
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Why Rising Interest Rates Affect Homebuyers And Sellers
Interest rates play a crucial role in the housing market, influencing the affordability of homes, the behavior of buyers and sellers, and the overall market dynamics. At its core, interest rates determine the cost of borrowing money, and since most homebuyers rely on mortgages to purchase property, rate fluctuations have a profound impact. When interest…