Mortgage Interest Rates Dropped!
This week the Fed raised short-term rates again yesterday but only by ¼% and as we predicted, mortgage interest rates went down.
As interest rates continue their slow downward trend, buyers are back. We are seeing a high turnout of interested buyers at open houses. Homes in move-in condition and priced right are receiving offers over the list price. Buyers are eager for properties to hit the market so they can write offers.
SELLERS ARE RECOGNIZING THAT THIS IS A GREAT TIME TO SELL. BUYERS UNDERSTAND THAT NOW IS THE TIME TO PURCHASE AS COMPETITION WILL CONTINUE TO INCREASE.
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.
We are here to pre-approve you so you can write your offer now and take advantage of today's market.