Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,
“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”
To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Macbelieve rates will be by the end of 2019.
Bottom Line
If you plan on buying a home this year, let’s get together to start your home search to ensure you can lock in these historically low rates today!
How Missing or Ghosting A Home Showing Can Damage Your Reputation And Business In Real Estate
How Missing or Ghosting A Home Showing Can Damage Your Reputation And Business In Real Estate In the competitive world of real estate, maintaining a stellar reputation is not just important; it's paramount. Missing a home showing might seem like a minor mishap, easily...
Real Estate Agent Marketing Methods
Ready to sell your house? One of your top priorities may be getting help marketing your home. Partnering with a great agent can make all the difference. These are just a few strategies we can use to get your house more visibility. Ready to maximize your home's...
Hiring a PSA or Pricing Strategy Advisor is the Key to Pricing your Home Right
Your Agent Is the Key To Pricing Your House Right [INFOGRAPHIC] Some Highlights The asking price for your house can impact your bottom line and how quickly it sells. Both under- and overpricing have drawbacks. So to find the right price for your house, lean on your...
Home Prices Rising in the Next 5 Years
Wondering about the future of home prices? Here's the scoop. Experts forecast a steady rise in home prices until at least 2028. That means buying now sets you up to gain equity as values climb. But, if you wait, the price of a home will only be higher later on. If you...
The Number of Homes for Sale Is Increasing
The Number of Homes for Sale Is Increasing There’s no denying the last couple of years have been tough for anyone trying to buy a home because there haven’t been enough houses to go around. But things are starting to look up. There are more homes up for grabs this...
Home Prices Are Climbing in These Top Cities
Home Prices Are Climbing in These Top Cities Thinking about buying a home or selling your current one to find a better fit? If so, you might be wondering what's going on with home prices these days. Here's the scoop. The latest national data from Case-Shiller and...
The Sun Is Shining on Sellers This Summer
The Sun Is Shining on Sellers This Summer Some Highlights If your needs have changed, now’s a great time to sell and get the features you want most. Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher...
How Buying or Selling a Home Benefits Your Community
How Buying or Selling a Home Benefits Your Community If you're thinking of buying or selling a house, it's important to know it doesn't just impact you—it helps out the local economy and your community, too. Every year, the National Association of Realtors (NAR) puts...
Gen Z Buyers – Directors Mortgage Quote
If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? And chances are, you’re worried that’s not going to be in the cards with inflation, rising home prices, mortgage rates, and more seemingly...
What’s Motivating Your Move?
Considering making a move? According to Realtor.com, profit potential and family priorities are the top motivators for homeowners right now.Let’s d What's Motivating Your Move? Thinking about selling your house? As you make your decision, consider what's pushing you...