Highlands NC Real Estate, Mortgage Rates Hit 2017 Lows
Mortgage rates hit 2017 lows, great news for Highlands NC real estate. Lower rates benefit buyers and owners looking to refinance. This also clearly benefits sellers too by making a purchase more attractive. The majority of home buyers and owners finance a home. Even cash buyers often prefer to take advantage of low rates as a way of freeing up cash for better investment uses. If you are considering buying a vacation home in the Highlands NC area there is no time like the present.
Last week’s rates were the lowest seen this year and this week dipped even further. This week saw an average interest rate for a traditional 30 year fixed rate mortgage hovering at 3.78%. Last year at the same time the same rate was 3.44%. While there has been much talk about rates going up in 2017 it has not occurred at the speed expected. Low rates offer great savings over the life of a loan. Your Highlands REALTOR will be able to recommend reputable local lenders to speak with about securing a loan for your real estate investment.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying Highlands NC homes. We welcome the opportunity to update you on current market conditions while recommending reputable local lenders at the same time. Let our knowledge and expertise serve as your guide to Highlands NC real estate.
Click here to read “Mortgage Rates Strike New 2017 Low” from Realty Times.