Interest rates have been a hot topic for buyers and sellers across the country, and Raleigh is no exception. As rates fluctuate, many are wondering how to time their move. Here’s how to navigate the Raleigh real estate market when mortgage rates are unpredictable.
For Buyers
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Get Pre-Approved Early: This locks in your rate for a set time, protecting you from sudden increases.
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Consider Adjustable-Rate Mortgages (ARMs): These can be a smart choice if you plan to move or refinance within a few years.
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Focus on Monthly Payment, Not Just Rate: With prices in Raleigh continuing to rise, balancing your payment with your lifestyle budget is key.
For Sellers
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Expect Longer Days on Market: Buyers are more cautious when rates are high, so price your home competitively.
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Highlight Affordability Perks: If your home has energy-efficient upgrades or low HOA fees, those savings matter to today’s buyers.
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Work with Creative Agents: Seller-paid buy-downs, closing cost credits, and flexible terms are increasingly common.
The Bigger Picture
Raleigh continues to draw employers, students, and relocators, which means housing demand remains strong even during interest rate fluctuations. Long-term growth in the Triangle supports real estate stability.
While interest rates may be uncertain, Raleigh’s strong economy and desirability make it a smart market for both buyers and sellers. Working with a knowledgeable agent can help you make the most of the current conditions.
