Highlands NC Real Estate, Market Boosted By Low Rates
When it comes to Highlands NC real estate the market is boosted by low rates. The average rate for a 30 year fixed rate loan is currently 2.98%, the lowest on record. Buyers are entering the market and June saw a strong uptick in sales. Additionally, the Highlands NC area is attractive to many buyers who are looking to leave denser areas. The choice of lifestyle is easier now that so many have learned that working from home is a viable possibility.
Mortgage applications on the rise
The National Association of REALTORs has reported that mortgage applications are up 19% compared with a year ago. Of course, many homeowners are taking advantage of low rates to refinance as well. Buyers and owners with exceptional credit are securing rates at 3% or slightly lower which can save a great deal of money on monthly payments. Furthermore, this translates to huge savings over the life of a loan.
Great time to look at buying
Now is a great time to get off the fence if you have been considering buying a home in Highlands NC. While low rates add to the attractiveness of buying a home, the opportunity to get outside and enjoy the great outdoors adds to the appeal. Whether you are looking for a primary residence or a vacation home you can find a Highlands NC REALTOR to guide you through the process.
Learn about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about real estate in Highlands NC. Let us update you on the market while connecting you with reputable local lenders. We welcome the opportunity to serve as your guide to Highlands NC real estate.
Click here to read “Low Rates Cause Surge in Mortgage Demand” from REALTOR Magazine.