We all know one thing by now: real estate is booming. City-goers are fleeing to the suburbs and homes are flying off the market in days! It's truly a phenomenon that industry professionals have not seen for a long time. With that said, if you're looking to sell your home, now's the time: but that's not the only reason why.
The average rate on a 30-year home mortgage has fallen drastically - and is still dropping. Boston.com reports that, according to mortgage buyer Freddie Mac, the average rate has dropped to 2.88 percent from 2.9 percent earlier this month. The 15-year mortgage rate is also decreasing, reaching 2.36 percent from 2.4 percent. While it doesn't seem like the most drastic of a drop, those 0.02 - 0.04 percent difference could save you thousands of dollars in years to come.
If you're considering selling or buying a home, NOW is the time to make the move! If you or someone you know is seeking professional advice, contact one of our agents today.