You hear a lot about rising interest rates lately! How is this affecting the Northern Wisconsin Real Estate Market? Check out this video before you panic! 

That's the next question we're going to tackle. And so far, we haven't seen them have a huge effect on the majority of our buyer pools. If anything, what it's doing is forcing the serious buyer to get off the fence, hop in the game, and start looking to buy a home. Because at the end of the day, if rates are going to continue to rise, why not get locked in now before they go any higher? And for the first time, a home buyer who is more than likely going to be most affected by this, it really is about affordability. That $360,000 property at a 4.75% interest rate was just about $1,900 a month. Now at 6%, it's about $2,200 a month.