Mortgage Interest Rates Rise For Dallas Home Buyers Trying to buy a house in the Dallas metro area? Then you and other potential home buyers in Dallas are well aware that housing prices were up 25% in 2021. And home prices are still rising in the first quareter of 2022. Recently the Federal Reserve raised the benchmark interest rate in the United States in an effort to slow the pace of inflation. So mortgage rates are up and according to the Fed there will be more increases in the year. A median priced home in the Dallas area has seen an increase in monthly mortgage payments of $300 to $450 in the past few months. The primary reason home prices have been rising is because of an imbalance in supply and demand. There are too few affordable houses for all of the people who are potential home buyers. Rising mortgage interest rates will squeeze some of these home buyers out of the market because they will no longer qualify for a mortgage loan. Dallas Home Buyers is a home buyers company in Dallas that buys homes in any condition with 100% cash.