Want to create an interactive transcript for this episode?
Podcast: The Tom Toole Sales Group Podcast
Episode: What do 8% mortgage rates mean for the housing market? - Tom's Take 346
Description: 👀 Are high mortgage rates impacting the housing market? Here's the scoop:
Last week, mortgage rates hit 8% on 30-year fixed loans, causing some fluctuations. 📊 So, what does this mean for buyers and sellers in the housing market?
Key Takeaways:
Buyers: While rates are higher, there's still strong demand due to low inventory. If you have your new home lined up, this might be an opportunity for you. Consider a rate buydown if you have substantial equity in your current home. 🏡
Sellers: Selling now can fetch you a great price, and there's no indication that prices will go down. Meeting with an agent for...