JULY 3RD, 2018
According to a new Redfin survey asking consumers who have either bought or sold a home, attempted to to do, or are planning to do so, how they would react if rates reached 5%. Here were the responses:
Only 5% of respondents said rates reaching 5% would deter their search. 24% said it wouldn't dissuade them at all. 32% would slow their search and see if rates went down again before buying, whereas 19% would actually become more urgent to buy.