With interest rates continuing to rise, you might be wondering if it's a good time to rent out your home. And if you're going to rent it out, how much can you make?
Homeowners who locked in a low 2% to 4% interest rate on purchases and refinances before the Federal Reserve began its rate-hiking streak have less incentive to sell their existing homes nowadays. The average interest rate on a 30-year fixed mortgage now sits at 6.81% as of July 27th, 2023, the most recent weekly data.
