Great rates are good for sales. Some people do not realize that interest rates are still at historic lows. In fact for many of us, our parents actually could have paid two or three times what we would pay now. Yes the prices were lower, but the interest rates were much higher. Great interest rates also allow more people to jump into the market as well. When there are more people shopping for a home, competition is created effecting both price and inventories.
Did you know that the average interest rate in 2017 has been hovering around 4.0%? This low rate has help buyers with affordability and rising housing prices. If you are looking to buy, waiting may not be a good idea. There are experts predicting that interest rates will rise. If you are waiting on the side lines trying to decide to buy, a prediction of raising interest rates is not working in your favor. Next year the average interest rate may be around 5%, which will affect your buying power.
Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage have fallen to their lowest mark this year, at 3.88%. This is great news for both buyers and sellers. Now is the time to act, whether you are listing or getting your loan approval. You will need a real estate professional on your side, let us help you find your next home. We are dedicated to the happiness of our customers.
Pretty clear to see why so many people are choosing to take the plunge land own their home. Before you renew your lease for another year, consider buying instead. Great rates make it hard to pass up the beefed up buying power available.
All real estate is local. York County South Carolina has a lot to offer. Whether you want to visit the lakes, or be entertained you will not be let down. York County also has medical centers and higher education centers available. If you are thinking of making a move, give us a call. We have the deep community roots and network to help you find your next home. We can show you all of the beautiful areas of York County.
We would like to invite you to visit ArbieTurnerHomes.com. We specialize in the Rock Hill, Fort Mill, Indian Land and Tega Cay areas of South Carolina. We have made available tours of subdivisions in each city for your review. We are deeply knowledgeable of these areas, which is why you want to choose us for your real estate needs.
We work hard for our customers.
Provided Courtesy of Arbie Turner Homes Keller Williams Fort Mill SC
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