Rising mortgage rates have deterred some buyers, giving those remaining more negotiating power than earlier this year.
SEATTLE — Washingtonians looking to buy homes may see a more amenable market than earlier in 2022, but they’ll also face the expense of 30-year fixed mortgage rates at a 14-year-high.
Some experts say rising mortgage rates have reduced the number of buyers battling for a limited supply of homes, increasing negotiating power for those who remain. In some cases, it has meant lower prices on homes as compared to earlier this year.
“We were one of the hottest real estate markets in the entire country and
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