{"id":17875,"date":"2022-02-09T15:25:11","date_gmt":"2022-02-09T15:25:11","guid":{"rendered":"https:\/\/www.lakehomes.com\/info\/?p=17581"},"modified":"2024-09-05T09:52:36","modified_gmt":"2024-09-05T14:52:36","slug":"whiteboard-topics-4-things-lake-homeowners-must-consider-about-mortgage-rate-increases","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-things-lake-homeowners-must-consider-about-mortgage-rate-increases","title":{"rendered":"Whiteboard Topics: 4 Things Lake Homeowners Must Consider About Mortgage Rate Increases"},"content":{"rendered":"\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: 4 Things Lake Homeowners Must Consider About Mortgage Rate Increases\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/a9Q24bw77zA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Increasing mortgage rates are inevitable, and as a lake homeowner, you need to know what that means for the value of your property. Lake Homes Realty\u2019s CEO, Glenn Phillips, shares four things to consider as interest rates rise.<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><b>Less DIRECTLY Important<\/b><span style=\"font-weight: 400;\">: The fluctuation in mortgage rates will influence the demand for your home. Selling before the rise in mortgage rates will ensure a larger pool of interested buyers.<\/span><\/li>\n\n\n\n<li><b>Slow Price Appreciation<\/b><span style=\"font-weight: 400;\">: With inventory being so high and demand being so low, prices have skyrocketed in recent times. The increase in mortgage rates will contribute to slowing this down.<\/span><\/li>\n\n\n\n<li><b>Influences Buyer Mindset<\/b><span style=\"font-weight: 400;\">: As interest rates go up, buyer demand goes down. Inflation can cause buyers to be more conscious of their spending habits.<\/span><\/li>\n\n\n\n<li><b>Think About Timing<\/b><span style=\"font-weight: 400;\">: If you want to maximize the return on your investment, you have to time the sale of your home to the market\u2019s peak.<\/span><\/li>\n<\/ol>\n\n\n\n<p><span style=\"font-weight: 400;\">Owning a lake home is an investment, and as a homeowner, you want to maximize this investment when you\u2019re ready to sell. Be sure to research the current state of the market before you decide to list your home!<\/span><\/p>\n\n\n\n<div class=\"_form_187\"><\/div><script src=\"https:\/\/lakehomes.activehosted.com\/f\/embed.php?id=187\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>Increasing mortgage rates are inevitable, and as a lake homeowner, you need to know what that means for the value of your property. Lake Homes Realty\u2019s CEO, Glenn Phillips, shares four things to consider as interest rates rise. Owning a lake home is an investment, and as a homeowner, you want to maximize this investment when you\u2019re ready to sell. Be sure to research the current state of the market before you decide to list your home!<\/p>\n","protected":false},"author":40,"featured_media":17905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,12064,12063,12061,3],"tags":[15776,7311,1764,141,8548,20,139,33,9834],"class_list":["post-17875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","category-for-homeowners","category-for-sellers-advice_and_tips","category-industry-news","category-advice_and_tips","tag-ceo-insights","tag-home-sellers","tag-homeowner","tag-homeowner-tips","tag-lake-home-sellers","tag-lake-homes","tag-lake-real-estate","tag-real-estate","tag-sellers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whiteboard Topics: 4 Things Lake Homeowners Must Consider About Mortgage Rate Increases<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-4-things-lake-homeowners-must-consider-about-mortgage-rate-increases\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whiteboard Topics: 4 Things Lake Homeowners Must Consider About Mortgage Rate Increases\" \/>\n<meta property=\"og:description\" content=\"Increasing mortgage rates are inevitable, and as a lake homeowner, you need to know what that means for the value of your property. Lake Homes Realty\u2019s CEO, Glenn Phillips, shares four things to consider as interest rates rise. Owning a lake home is an investment, and as a homeowner, you want to maximize this investment when you\u2019re ready to sell. 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