Rate Buydown

Selling when you have a 3% mortgage does mean trading that rate for something in the 6% to 6.5% range on your next home, and that difference is real money every month. But the rate is rarely the only factor, and for many Triangle homeowners, life events, equity gains, and long-range financial goals outweigh the payment increase. Whether it makes sense to sell depends on why you’re moving, what you’ll net from the sale, and how you use your equity on the next purchase.