What Do Rising Interest Rates Mean for Our Market?
Posted by Shawn Kriewaldt on
If you’re a buyer, you shouldn’t necessarily be worried about rising interest rates. If you’re a seller, however, now is the time to get top dollar for your home.
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Interest rates have finally started to rise. In fact, for the first time since last summer, they’ve increased to more than 4% for a 30-year fixed mortgage. Today, they’re at 4.5% for most of the lenders we work with.
We’re in for quite a competitive stretch in the housing market. By the end of last year, we had fewer than 1,000 active listings here in Dane County. Right now, we have 848 condos and single family homes for sale without accepted offers.…
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