How do interest rates affect home buying? 🏡📊 Interest rates play a critical role in home buying by influencing affordability, borrowing capacity, and housing prices. When rates rise, monthly mortgage payments increase, impacting affordability and limiting how much buyers can borrow. Additionally, higher rates often lead to cooling markets, which can slow price growth, providing potential opportunities for buyers to find better deals. While interest rate fluctuations require careful planning, a thoughtful approach to market timing and budgeting can still make homeownership a rewarding and achievable goal. #kamyckigroup #realestate #realtors #realestateagent #realestatebroker #brokerage #royallepage #rlp #interestrates #homebuying #homebuyers #housepricing #realestateinfo
