What’s the housing market outlook for spring?

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Looking to buy or sell a home this spring? Here's how things are looking for the market!

Over the past few months, Aliece Dice with eXp reality has been busy to say the least. Even though mortgage rates are climbing, she says it’s still a strong market.

The average 30-year-fixed rate mortgage is currently 4.95%, according to Mortgage News Daily. It’s the second jump in a week. If rates continue to climb, then it could cool off a housing market that’s been on fire due to historically low interest rates. We’re talking interest rates in the two’s for a lot of people.

For buyers, Dice says it’s all still a good time to buy, just keep in mind that interest rates could continue to go up.

 

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