Whether Interest Rates go up or not within the next year, the fear of double-digit rates is propelling a seller's housing market in Anchorage, Alaska and around the country. Buyers who have been sitting on the fence may want to buy to lock in the historically-low rates.
According to a recent article by The Mortgage Reports, mortgage rates are still half the 30-year historical average of 8.375 percent. Many people who are 50 or older may remember double-digit mortgage rates in the '80s that kept many people stuck in their home for fear of losing their more reasonable Interest Rates.
• Buying a forever home
Buyers are under more pressure now to choose a home they can remain in for the long term.…