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Last week, 30-year fixed mortgage rates rose from 6.92% to 6.98%, the highest since January,&nbsp;<a href="https://www.linkedin.com/news/story/rising-rates-dont-deter-homebuyers-7357722/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises-2729512" target="_blank" rel="nofollow">according to LinkedIn News</a>. But instead of backing off, more people applied for home loans. Mortgage applications to buy a home increased by 2% from the previous week and are now 18% higher than they were at the same time last year, says the&nbsp;<a href="https://www.mba.org/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises-2729512" target="_blank" rel="nofollow">Mortgage Bankers Association</a>. Refinancing applications decreased slightly from the previous week but remain 37% higher year-over-year.This is promising news for&nbsp;<a href="https://1851franchise.com/why-buy-a-home-service-franchise-the-path-to-building-wealth-with-the-right-investment-2728741">home service franchise brands</a>. When people buy homes, especially older ones, they often require assistance immediately — whether it’s cleaning, painting, plumbing, landscaping or general repairs. Many of these tasks are best handled by professionals, and that’s where franchise businesses can step in.For entrepreneurs considering a franchise in the home services space, this continued demand shows there’s still plenty of opportunity. New homeowners are looking for trusted service providers, and a strong franchise brand can offer both quality and peace of mind.Even with high interest rates, people are still moving — and that means they’ll still need help making their new houses feel like home.Read the full article&nbsp;<a href="https://www.linkedin.com/news/story/rising-rates-dont-deter-homebuyers-7357722/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises-2729512" target="_blank" rel="nofollow">here</a>.Every great franchisee had help buying a franchise. Want to learn more about how 1851 helps franchisees find the right franchise opportunity? Visit&nbsp;<a href="http://www.1851growthclub.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises-2729512" target="_blank" rel="nofollow">www.1851growthclub.com</a> and start your journey.

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Why Home Service Franchises Could Benefit from Today’s Housing Market

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Despite rising mortgage rates, homebuyers aren’t slowing down, which could be a great sign for home service franchises. 

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

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Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

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