If you are on the fence about selling your home, contact me for a no obligation discussion. Your home may be worth more than you think and I can help you decide if now is the right time for you to sell your home or not!
Last week mortgage rates rose to over 4% for the first time since March 2012! The average rate for a 30 year fixed rate mortgage is 4.46%. This rise in interest rates will most likely send more buyers out into the market to get a home before rates climb even higher making the homes for sale shortage even greater. On the other hand for some buyers, they may need to adjust the price of homes they are looking at since they are becoming more expensive with higher interest rates.
The number of refinancing applications was down another 5% last week – a plunge of 40% since just back in May! For many homeowners, a refinance just is no longer worth it if rates are 4% or more.
Why own a home? Need some good reasons to buy your own home? Take a look at this short list.
If you are on the fence about buying a home, now is the time to get off that fence and do it while homes are still a great deal!
RE/MAX CEO Margaret Kelly was interviewed on Fox News about the current real estate market in the US. She talks about why inventory is so low and when it may increase, who is buying homes now and why, what about lending standards and the interest rate and more. It is a very informative piece on the “state of the housing market”.