The home buying market in Spirit Lake, IA does fluctuate with the rise and fall of interest rates. Homes for sale here and the surrounding communities like Okoboji, IA and Milford, IA are affected by the mortgage rates.

Should I buy a home now, or wait until later in the year? Will I pay more if I postpone my purchase?These are perennial questions from home buyers nationwide. And a recent upsurge in mortgage rates has some buyers rushing to close on their loans, out of concern that rates could...