Why Rising Interest Rates Shouldn't Stop Your Home Search

It's easy to get discouraged by headlines about rising interest rates, but it's important to put them in historical context. While rates are higher than they were a year ago, they are still reasonable from a long-term perspective. More importantly, a home is more than just an interest rate—it's a long-term investment and the place you build your life.

Higher rates can also mean less competition from other buyers, giving you more leverage in negotiations and more time to make a considered decision without the pressure of a frantic bidding war. Remember, you can always refinance in the future if rates come down. Don't let the current rate environment deter you from finding your dream home. Focus on what you can afford, and work with a lender to explore all your options, including different loan types that might be right for you.