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Interest Rates Are On the Rise. Now What?

This week on My Greenville Home Radio, Dan is speaking with Amanda McCall, one of Hamilton & Company’s Preferred Lenders. Amanda and Dan discuss rising interest rates, benefits of partnering with a local lender, and more.

Amanda McCall is a local lender of the McCall, Hanel & Fox team at PrimeLending, originating home loans in Greenville since 1998. She is a mother, friend, neighbor and Your Lifelong Lender. Committed to helping homebuyers reach their goals, Amanda analyzes the total financial landscape to provide the best mortgage solutions specific to each client. Whether working with a first time home buyer or someone purchasing an investment home, Amanda’s business runs on timely communication, personal attention, and simple solutions. When she’s not closing loans, Amanda is always trying out new restaurants or spending time with her husband and two daughters. Fun fact about Amanda, she loves to organize her M&M’s before eating them!

What’s happening in the market?

The biggest change in the mortgage market is the unprecedented increase in interest rates. About three weeks ago, we saw a rate increase of over 1% within a week – the most dramatic increase Amanda has ever seen. Essentially, the Federal Reserve is trying to counteract the inflation we’ve seen as a result of COVID stimulus checks and other government programming. Interest rate fluctuations are not unusual, but such dramatic shifts have dramatic consequences.

What does mean for 2022 buyers?

Unfortunately, Amanda shared that rates will not be slowing down.

If you have already spoken with a lender and received a mortgage plan, Amanda urges you to reach back out to them and get your plan updated. With rates increasing, you may not be able to afford the same home as you could a month ago. Communicating with both your lender and your agent during the home search process is necessary in order to ensure you are still qualified to purchase the homes you are viewing.

What strategy should buyers be implementing?

When the market experiences dramatic shifts, you have to get creative with your financing. That’s where and experienced, local lender like Amanda steps in. Amanda is a pro at assessing your financial and home situation, creating a personalized mortgage plan that will help you keep an edge in this competitive buyers market.

Finally, Amanda pleaded with buyers to keep searching for their perfect home. Pausing your home search now is not a good long-term financial decision.

If you are a buyer overwhelmed by the rising interest rates (and home prices!) we’re seeing in this market, Amanda may be able to help! Amanda does not pick a plan for her clients; she handcrafts a unique plan that will work for you and not against you.

Interested in talking with Amanda and walking through a creative solution for your next home purchase? Schedule a free meeting with Amanda on her website and discover how easy it can be to buy a home with McCall, Hanel & Fox team at PrimeLending .

A picture of Real Estate Agent Dan Hamilton

Dan Hamilton is the founder of Hamilton & Co. and the lead listing agent for the team. He is the only agent in the Upstate endorsed by Shark Tank star and real estate mogul Barbara Corcoran. Additionally, Dan hosts a weekly radio show on The Answer 94.5 and 106.3 WORD giving tips and advice on real estate and is a frequent contributor for real estate on Your Carolina TV show on WSPA Channel 7. Visit to learn how Dan can help you sell your home.

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