Mortgage Rates are the Lowest in 50 Years

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Real Estate

According to Freddie Mac, this week the fixed-rate mortgage averaged 2.98%, making it the lowest ever to be recorded since Freddie Mac started tracking average mortgage rates in 1971.

Despite these difficult times, the housing market is experiencing a small boost that will probably last until the end of the year - purchase applications have been increasing, interest rates are historically low, and Real Estate searches on Google
are seeing increased traffic rates.

But what does this mean?

Inventory is low and there are plenty of buyers looking to purchase their new home, so if you are a seller, this is a great time to sell your property!

If you are thinking about selling and want to know the price of your home, you can receive a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market by clicking on the following link to my website:

If you are interested, let me help you sell your property!

Feel free to contact me via phone at +1 786.970.8312