In 1982, the British punk rock band, The Clash, released their hit song “Should I Stay or Should I Go.” Forty years later, potential home buyers and sellers are now asking themselves that very same question.
With mortgage interest rates currently near 6 percent for a 30-year fixed plan, many would-be home buyers are debating whether they should remain in their current housing situation or plunge into the home-buying market before the rates escalate even further. Home sellers are also facing a difficult decision of whether to list now and reap the rewards of the tail end of the sellers’ market or stay in their homes until interest rates subside.
