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Today, we discuss where mortgage rates are heading and how they affect home sellers!
You've been hearing it for years, but it's true: interest rates are near all-time lows! They bump up .25%-.5% here and there, but they have consistently hovered around 4% for 30-year fixed rates and 3% for 15-year fixed rates. This inexpensive money means home buyers can afford more home, and it means sellers can get more out of their house!
In today's market, you can buy a wonderful home at a very affordable price. We've even come across some renters who have made the jump to home ownership because it was cheaper than renting! The market is in a great place, so now is a great time to consider taking advantage of it. Rates can get no lower and are expected to rise in the coming year, so you don't want to miss a great opportunity while it's available!
If you have any questions about our market, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!
