Highlands real estate will undoubtedly benefit from jumbo loan rates as it enters the spring season. Rates have hovered lower than expected for the larger loans, which tend to be for amounts of $417,000 or more, due in part to sporadic real estate recovery. While the economy has been getting stronger it remains a great time to buy or refinance a luxury home in Highlands NC.
As real estate recovery takes hole home values rise and lower rates can help offset the increased value of a Highlands property. The average rate for a 30 year fixed rate jumbo loan has been hovering around 4.46%, a great rate for a large loan. Many homes in Highlands NC require a jumbo loan, unless buyers are paying cash and these low rates will undoubtedly make buying a vacation home more attractive for many.
Contact the team at Meadows Mountain Realty today to learn more about buying Highlands real estate. We welcome the opportunity to serve as your local real estate guide, offering an update on current conditions and recommending reputable local lenders. Let our experience and knowledge help you realize your dream of owning a home in Highlands.
Click here to read “Jumbo Mortgage Rates Lower Than Expected” from The Wall Street Journal.