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Your Needs Matter More Than Today’s Seattle Mortgage Rates


6月 16, 2023


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Consider selling your house now if something in your life has changed. While mortgage rates can affect the affordability of your next home, don‘t lose sight of why you want to make a change. Mortgage rates have risen from the record lows we‘ve seen in recent, so some may decide to wait to sell due to wanting to avoid a higher mortgage rate. As Danielle Hale, Chief Economist at, explains:

“. . . homeowners who locked in a 30-year fixed rate in the 2-3% range don’t necessarily want to give that up in exchange for a rate in the 6-7% range.”

But your lifestyle and your changing needs should matter more. Here are a few of the most common reasons people choose to sell today. Any one of these may be more important than keeping your current mortgage rate.

As Ali Wolf, Chief Economist at Zonda, says in a recent tweet:

“First-time and move-up buyers are both active . . . the latter driven by life changes. Divorce, marriage, new higher paid job, and existing home unsuitable all referenced.”


People may move to a new area for various reasons, such as changing jobs, being closer to friends and loved ones, pursuing a dream location, or simply wanting a change of scenery.

For example, if you live in suburbia and just landed your dream job in NYC, you may be thinking about selling your current home and moving to the city for work.


owners often sell their homes to move into larger spaces that offer more entertainment possibilities, home offices, gyms, and extra bedrooms for expanding families.

For example, if you’re living in a condo and decide it’s time to seek out a home with more space, or if your household is growing, it may be time to find a home that better fits those needs.


owners may sell to reduce maintenance and costs due to inflation, because someone has moved out, or because they are ready for a change due to retirement.

For example, you’ve just kicked off your retirement and you want to move to somewhere you can enjoy the warm weather and have less house to maintain. Your new lifestyle may be better suited for a different home.

Change in Relationship Status

Divorce, separation, or marriage are other common reasons individuals sell to buy different homes.

For example, if you’ve recently separated, it may be difficult to still live under one roof. Selling and downsizing may be better options.

Health Concerns

A homeowner may sell their current home if they have mobility or health issues that require certain living modifications.

For example, you may be looking to sell your home and use the proceeds to help pay for a unit in an assisted-living facility. 

With higher mortgage rates, there are some affordability challenges right now – but your needs and your lifestyle matter too. As a recent article from Bankrate says: 

“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market. . . . Your future plans and goals should be a significant part of the equation . . .

Bottom Line

Connect with us to access an expert‘s help in navigating the process of selling your house and finding the perfect home.

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