The Real Deal New York

Acro-rate-o-phobia is pushing buyers into the market

Some worry they will be priced out of purchases once rates start to rise;
savvy sellers also looking to pounce while rates remain low
By E.B. Solomont | December 15, 2014 10:40AM

From the December issue: A fear of rising interest rates in the months ahead is prompting some homebuyers to jump into the sales market — putting pressure on brokers to turn deals around quickly while low rates are locked in.

Although it’s anyone’s guess when — and if — rates will increase (see story on page 50), many buyers don’t want to chance it, agents said. [more]