Low Interest Rates Mean More Buyers in Jonesboro

Buying a Jonesboro home?  Get a full home search

Selling your Jonesboro home? Get a free Home Price Evaluation

I received multiple emails from our local lenders today about interest rates falling to near historic lows, and I wanted to make sure I gave you an update.

We're seeing rates as low as 2.375% up to about 3.25%. It's been a very long time since I've heard about interest rates in the 2% range.

If you're thinking about buying a home, what does this mean to you? It means your money is going to go a lot further than it normally would. If you can lock in an interest rate of 2.375% to 2.75% compared to 3.5% or 4%, you're going to have the same payment on a $225,000 house that you would have had to pay for just a $200,000 house.

“

Rates this low mean more potential buyers for you home.

”

That's literally the difference in how far your money will go at this time. It also impacts sellers.

If you've had your home on the market in the past and it didn't sell or you're thinking about putting your home on the market, there is a different group of buyers that are able to buy your house right now. With interest rates this low, the buyer pool has grown immensely - their money is able to go a lot further.

There is a good chance we can sell your home now, and maybe even for more than we could have when the rates were higher. It's a win-win for everybody!

If you're thinking about selling or you tried to sell and weren't able to in the past, give us a call. We'd love to help you appeal to the larger pool of buyers we now have in the Jonesboro market. Let's talk soon!