The Spring Market is in full swing! This is an incredible time to buy, as mortgage rates just hit near all-time lows! Check out this article to find out more about the conditions causing this. If this graph doesn't want to make you lock a rate soon, I don't know what will! It is unfortunately the one upside of this coronavirus, so while your stocks are falling, you may as well enjoy the one financial upside. Buying power is at an all-time high and the same monthly payment can get you more house than ever before.
This is also impacting the market positively for sellers as buyers are eager to take advantage of these market conditions, so demand is high and days on market are low, and we are seeing competitive bids more often than not, making it also a fantastic time to sell.
If buying is not in the cards for you right now, refinancing is also a great option and we are happy to recommend lenders who can help! We have great listings coming soon and we would love to share the details, so reach out anytime for advice on buying, selling or refinancing and to see what is coming. We are always here to help!