Many prospective homebuyers have found themselves on the fence about buying a new home, and with the state of the market over the last two years, who can blame them? However, rates are rising, prices are dropping and it’s time to get off the fence. The rise from the historically low mortgage rates of 2022 to an average of 7.32% for a 30-year loan may feel like a deterrent to some new-home shoppers. However, it’s important to remember that an increase in interest rates typically means a decrease in prices, and experts urge potential buyers to strike while the iron is hot. Though the market is cooling a bit
→ Continue reading at Silicon Valley