Could Rising Mortgage Rates Could Erase Home Buyer's Spending Power? Low rates have been helping many buyers afford their monthly mortgage payments. Interest rates are inching up from a record low of 2.65% in the beginning of January. Higher interest rates will make buyers more price conscious and less likely to bid too high over asking. As a result we could see some of the intense competition slow down. Please contact me if you are looking into buying or selling. Raana Jamshide Broker Associate, REALTOR® CRS, ILHM, CIPS Cell: 858.229.2200 [email protected] DRE#01255312 ________________________________ Pacific Sotheby's International Realty #MortgageRates #SellersMarket #Overbidding #HomeBuyer #LuxuryHomes #FirstTimeHomeBuyer #MonthlyBudget #SanDiegoRealtor #HomesatSanDiego (at San Diego, California) https://www.instagram.com/p/CNDgAJojLhO/?igshid=ve1rfuixg7cc