What do 8% mortgage rates mean for the housing market? - Tom's Take 346

👀 Are high mortgage rates impacting the housing market? Here's the scoop: Last week, mortgage rates hit 8% on 30-year fixed loans, causing some fluctuations. 📊 So, what does this mean for buyers and sellers in the housing market? Key Takeaways: Buyers: While rates are higher, there's still strong demand due to low inventory. If you have your new home lined up, this might be an opportunity for you. Consider a rate buydown if you have substantial equity in your current home. 🏡 Sellers: Selling now can fetch you a great price, and there's no indication that prices will go down. Meeting with an agent for a strategy session is crucial. 🤝 Intrigued? Watch the full video for all the details! If you're considering a move, let's talk strategy. 💬🏡 🎥 Missed episodes 1-345? visit here: http://bit.ly/TomsTakeChannel #TomsTake #TTSG #MortgageRates #RealEstateMarket #TomTooleSalesGroup