Wednesday, March 04, 2020

3% - No Way!

Have you seen what mortgage rates are doing?  Is it time to refinance?  Is it time to consider selling and using the purchasing power for your next home or a second home?  Are you familiar with the current market conditions?

At the end of February 2020, we are seeing the following stats:
-Sales Price - $181,000 near a 10 year high
-Number of Homes for Sale - 4510 near a 10 year low
-Days on the Market - 19
-Percentage of List Price - 99% near a 10 year high

We track market conditions, mortgage rates and mortgage applications and the experts we work with like Luann Davis with Truliant Federal Credit Union and Jeff Pearce with Allen Tate Mortgage tell us volume is through the roof (pun intended) and rates are the lowest in history at or below 3% depending on circumstances.  Of course each person's situation is different but if you have been considering these aforementioned questions, for your security, you really should look into what the answers may be?  One really needs to weigh a number of options and the costs of the impacts before making a decision.  Well the good news is that our team of experts can help you determine the right course of action.  If you need some advice, simple let us know.  






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