"Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows."
Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.
According to Freddie Mac’s Primary Mortgage Market Survey,
“the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.”
Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,
“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”
As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.
Bottom Line
Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.
To view original article, visit Keeping Current Matters.
What Rising Inflation Means for Your Move
Here’s what’s actually going on, why it matters for the housing market, and what it means if you’re thinking about buying or selling.
The Truth About Affordability Today
Part of what is keeping prices this stable is that buyer finally have more choices meaning less competition, and more negotiating power.
Less House, More Home: Why Smaller Homes Are Paying Off for Today’s Buyers
Going smaller might actually be a smart play in today’s market – and the upside can be bigger than you’d think.
The Real Reason Some People Are Still Moving Right Now
So, if you’ve been putting your plans on hold, maybe ask yourself this: “Can I still live where I’m at right now and make it work?”
Why Staging Your House Could Pay Off This Spring
Staging doesn’t always have to mean hiring a full crew or filling your house with rented furniture. There are a few different paths you can take.
4 Ways To Give Your Offer an Edge This Spring
Here’s what you should know if you’re looking to buy a home during this busy spring season.