Move-up buyers return on rising mortgage rates, home equity

Home prices continue to gain steam, boosting equity for current homeowners and prompting more off the fence and into the market, Housing Wire reports. Positive equity means homeowners will be able to put down a substantial down payment on a new home after they sell their current one.

In addition, rising mortgage rates may be giving these move-up buyers the final nudge to jump in before further increases dampen their ability to buy.

Source: Housing Wire