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Despite Skyrocketing Rates, Real Estate Agent Says DC-Area Homebuyers Still Have ‘Upper Hand’ – WTOP News
Freddie Mac said the average 30-year fixed rate hit 7.03%, pushing some buyers to negotiate harder and consider smaller homes.
Summary by Washington Top News
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Arlington homebuyers are treading cautiously as mortgage rates hit 7%
Surging mortgage rates are leading to a more cautious approach to real estate in Arlington, but overall, they don't currently seem to be scaring off many prospective buyers. Months of rising interest rates, which surpassed 7% for 30-year fixed-rate mortgages last week, have led homebuyers to tread more carefully, even as local home sales have been
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