3.29% Record Low Rate
The normal rate on a 30 year fixed home loan has hit a record low of 3.29%, driven somewhere around financial specialists moving cash into the wellbeing of U.S. Treasury as the coronavirus flare-up has developed.
The 3.29% rate is the lowest since 1971. The 15 year fixed mortgage dipped this week to 2.79% down from 2.95% one week prior.
Thinking of Selling Home? – What a Low Rates Mean to You?
If you are in the market to buy a new home or refinance, it is obviously great news to you. If you are considering selling your home in the next couple months, low interest rates can also benefit you as there are more house hunters than there are houses for sale.
As you can image selling a home now will yield you more money and less time on market, but what if you want to downside and sell your home in the next couple months and buy a smaller one? What are the best options out there? For more information on the home selling process for Perrysburg and the surrounding areas and how Kerber Real Estate is different, click >>> here .