Highlands real estate benefits from mortgage rates remaining low. While the general feeling on the street has been that rates are heading up the opposite has proven to be true. This past week rates dropped and are very close to what they were a year ago. Buyers can breathe knowing there is still some time to purchase a property in Highlands NC with great rates.
The reality is that it is only a matter of time before rates go up but the good news is that they haven’t risen yet. Rates for a traditional 30 years fixed rate loan dropped from 3.97 to 3.92 last week. A year ago the same rate was 3.66. The good news for anyone buying Highlands real estate is that mortgage rates are very appealing.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying homes in Highlands NC. We welcome the opportunity to update you in current market conditions while recommending reputable local lenders at the same time. Let our knowledge and experience serve as your guide to buying Highlands real estate.
Click here to read “Mortgage Rates Still on a Downward Trend” from REALTOR Magazine.