This year we’ve seen record-low interest rates, with a majority of analysts predicting that the pattern will hold for the near future, at least.
Why are interest rates so low?
The FED sets interest rates low to encourage economic activity during a low period, like the current pandemic.
Will the rates stay low?
The FED has committed to keeping rates low throughout the year [get more info]
Who benefits from low interest rates?
Home buyers benefit from low rates
If you are thinking about getting a home loan, this is one of the best times to do it.
Home Sellers benefit from low rates
You may think the mortgage rates don’t affect you when you are a seller, but you would be wrong! The fantastic rates we are seeing right now attract buyers! Houses that we put on the market are booking showings and receiving offers within days. If you have been considering selling, now is a great time to take advantage of the influx of buyers. As a bonus, you can then turn around and become a buyer getting these great low rates!
If you are thinking about getting into the real estate market, you could not pick a better time.
Got mortgage questions? Ready to view properties or get yours on the market?
