When mortgage rates rise, buyers feel the difference almost immediately. The same home comes with a larger monthly payment, and a budget that once felt comfortable may suddenly feel stretched.

For sellers, the impact can be less obvious. Does it mean your home is worth less? Should you sell now or wait? And what if selling means giving up a mortgage rate you’d love to keep?

There isn’t one answer for everyone. But understanding how rates affect both sides of a move can help you make a decision that fits your life.