Interest rates are a critical factor in the housing market, influencing everything from home affordability to overall economic activity. As the cost of borrowing fluctuates, so too does the behavior of buyers, sellers, and real estate investors. Higher interest rates typically result in higher mortgage payments, which can dampen demand for homes and slow price growth, while lower rates tend to stimulate housing demand and drive up prices. In this blog written by the Raleigh Cary Realty Team, we will discuss how interest rates significantly impact the housing market.
