Valuable information to share with buyers and sellers.
Rates on 30-year mortgages continue to fall and are now at the lowest point in five decades, according to Freddie Mac. Coupled with attractive prices, these incredibly low rates make buying a home more affordable now than at almost any point in history.
This is fantastic news for homebuyers and sellers. Buyers can take advantage of high home affordability and save tens of thousands of dollars over the lifespan of a 30-year loan by locking in at these never-before-seen rates.
If you are selling your home, you will probably see increased foot traffic as more buyers go house hunting. Be sure to have your real estate agent display information about home affordability to show potential buyers how low the monthly cost of ownership is at this point in time.
