Seller’s Market and Low Mortgage Rates Create Open Opportunity for ConsumersBy Angela Smith, Communications Manager
July 31, 2020
Current mortgage rates have never been lower and that bodes extremely well for consumers and the real estate market.
The world is dealing with different times right now. The good news is that, if you find yourself in a difficult situation with home ownership, there is a way to fix it. The market right now has red hot pricing due to the shortage in inventory and the influx of buyers. Homes on the market are selling fast and for over market value.
With the market starved for inventory, by acting quickly and getting your home listed, you could be able to save your credit, get a little extra money to help and be able to get back into a home once the economy bounces back.
Want even more good news? When you are ready, mortgage rates are lower than ever. This means one thing, it will be more affordable than ever to buy a home as economists expect these lower rates to stick around for a while. Just in the past month, 30-year fixed rates declined from 3.3 percent to under three percent.
If you find yourself in this situation and you want help getting out or if you want to take advantage of the hot pricing by selling your home, our experts are ready to help. United Country Real Estate agents, brokers and auctioneers are dedicated to helping our community members stay on their feet. Find an agent near you by visiting www.UnitedCountry.com.