Jan 14, 2021.     Alert:

A widely watched 10-year Treasury rate started the new year by jumping to a 10-month high at 1%.

That upswing suggests that mortgage rates — which oddly fell to another record low of 2.65% — could soon turn higher and become a big drag on homebuying.

Note: A one-point jump in rates would cut a house hunter's buying power by 12%.

As a seller, what can you do now to capitalize on the current market if you are looking to right size your housing.

As a buyer, what does this mean to you now, and possibly in the near future?

Overall,  rates are just 1 item to consider in the selling or buying process.  But it is the 1 item that can change the future of real estate deals quickly.

How could this change your future plans?       After 25 years in this industry,  I've lived through rising rates, swelling inventories and uncertain markets.   That is what experience is.  Living through the change and succeeding at it.