Mortgage rates are lower!3/28/2017
It's a great time to get into the real estate market if you are looking to buy or sell a home! Yes, the interest rates are slightly higher than last year, but they are still historically low compared to just 10-15 years ago! When I purchased my first home in GA the interest rate was 12%! It was a little lower when I bought my second home in TN at 8% which most buyers thought was a low rate. I hope this information puts in perspective how low today's rates actually are. It's also a perfect time for sellers to get in on this market too. The inventory, or homes being offered for sale in today's market, is low compared to the number of buyers looking to purchase. Homes in great condition, a desirable location and priced correctly are in multiple offer situations quite frequently. This pushes up your sale price which is great-as long as the appraised value meets that price. Let's get together and discuss the market further!