The positive mortgage news is great for Highlands real estate. Rates are low and in fact have recently dropped to near the lows experienced earlier in the year. This means that anyone buying a home in Highlands NC could save a great deal over the lifetime of a loan and add greatly to the affordability of the home purchase.
This past week the average rate for a traditional 30 year fixed rate mortgage was 3.61%. The average rate for a 15 year fixed rate mortgage was 2.86%. These rates are incredibly low and very close to the lowest of the year, experienced in early February. As we are approaching our busiest time of the year for real estate activity in our area the low rates are enticing to many buyers who fear rates going up.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying real estate in Highlands NC. We welcome the opportunity to update you on current market conditions while recommending reputable local lenders at the same time. Let our knowledge and experience serve a your guide to buying Highlands real estate.
Click here to read “Mortgage Rates Drop, Near 2016 Lows” from REALTOR Magazine.