I'm not interested in interest rates, LOLZ

Some will, some won't.

You know folks will always need to buy and some will always need to sell! 

They can refi later . . . or not. But if they gotta move, they gotta move!

We are far from a rate that will stifle the market much.

I've not had buyers holding off yet... the issue is not rates, the issue is finding homes for them to buy and getting sellers to list.

 Qualified, Motivated, Ready, Willing, and able buyers, no. 

That will all depend on the Buyers & Sellers Need, other than a Want!!!

It is more likely that home owners with attract rates will stay in their homes.

Good question Will Hamm . We just received our property tax bill and I would love to move but I don't want to take out a new loan so I'd say rates are stopping me.

Certainly sellers will tend to hold off selling if they have a current much lower loan. As to buyers, in my area, they mostly buy with cash but real estate has been down, and it's got to be the market. Hopefully when the weather improves, the buyers will come back.  Yep, we have a lot of second home buyers here.

Buyers buy real estate in all types of markets. It may knock some out but others will buy & sell

Personally, I don't have any buyers holding off due to the increase in rates because most of the people I'm working with are educated (by me) and they understand how this works.  If they want the property, they have to pay the price and be the most competitive.  My job is to direct them into making the right decision of their wants and needs.  In the meantime, my biggest hurdle is with sellers who are not willing to list their house because they bought in at such a low interest rate and they are not willing to take the hit (temporary as it may be -- no one knows the future of that). Buyings are willing and able -- sellers are not (unless they don't have to buy another house and/or unless they have to sell due to relocation or job change and loss of partner, etc.  Great Question!

Interest rates have been up and down over the last dozen years or so, and they have not been the driving force, either up or down, during any of that.

Back during the crash, (2006-7), we had rates in the low to mid 3's... and that didn't send people running to buy.  And as rates increased into the 4's and 5's, that didn't send people running to sell.

There was a lot of refinancing that went on during those periods, but purchasing seemed driven by need, not by rates, and I expect that will remain the same now.

We are seeing numerous sales with multiple offers. I think buyers are trying to get ahead of interest rate increases.

Buyers seem to be rushing in before rates go even higher. 

No I don't think that. Our market keeps moving along fairly quickly, just not like the frenzy market we had for a few years.  Many folks are putting a lot of cash down, all cash sale etc. Remember marry your home, date the rate.

Low inventory is a bigger issue for our buyers than rates. Many of my buyers right now are cash and they are just waiting on the perfect home to hit the market!

Mortgage rates improved by about .125 on the news.  The Fed funds rate does NOT equal mortgage rates - when the Fed hikes their funds rate, mortgage rates often go down because the move tends to push inflation lower, which helps mortgage rates.

Mortgage rates are headed down.  

hasn't slowed buyers down, but with banks failing I was surprised to see this hike, but the feds really want to say they reversed inflation.  I don't think it's going to happen though.

The "herd" buying group will stay longer at the watering holes while the better off will always be looking for that certain home especially in today's market. Just a few months ago, buying anything was the driving force. Today, it is the dream home. Also, in CA, they have a Dream buying program where the state will advance 20% down to qualified buyers for a share of future equity. We are watching and awaiting the results.  

Some will, but people will do anything within reason to buy a home these days.

     We have plenty of buyers, many using cash not a bank for homes. Owner financing for the big portion of just land listing sales. Working like a dog to hunt down listings to meet the demand is still the temperature and pace of my small rural market Will Hamm .

     Our prices are so low and affordable that a percent or two higher does not discourage a buyer. Not having to rent any longer is the goal whatever it takes. 

No. Willing buyer moves ahead. Those with death, divorce, disaster, job transfer will move faster.

No.  The first rate hike(s) scared the buyers, but they've gotten so used to them they aren't phased any more.

No.  I think the message has been received loud & clear that interest rates "are what they are" and if a buyer can afford the house, they should buy it.  We have HUGE buyer demand in our market and a dwindling inventory.

Yes, absolutely. I have that conversation too often... Sellers prefer to rent their properties unless they must sell, buyers keep renting especially if they have been renting for a long time and they still have a low monthly rent. 

Not if they are smart, but then again it is possible.

Will, we are finding that the lack of affordable housing in RI in the sought after communities is not getting better.  Out of state buyers are 40% of our buys making it so difficult for locals to buy or upgrade well.  So the rate doesn't impact the buy as much as most consider remortgaging in a couple years.  

It's hard to say. I do know some buyers are holding off while other people are taking advantage of the market and getting homes before the market goes crazy again.

As long as they the increase doesn't change their DTI ratio and they can still qualify, no. The bigger problem is lack of inventory which has been a problem for a long time.