Highlands Real Estate, Mortgage Rates Lower
Mortgage rates were lower this week, great news for Highlands real estate. Around the nation real estate sales are experiencing volume that hasn’t been seen in a decade, couple this with low rates and one could say it’s a great time to be both a buyer and a seller. Low rates can save a buyer tens of thousands of dollars over the life of a loan, adding greatly to affordability. If you are looking to buy real estate in Highlands NC today’s low rates add to the appeal.
This past week rates for a traditional 30 year fixed rate mortgage were hovering under 4%, averaging 3.97%. Last week the average rate for the same loan was 4.08. A year ago the same rate was 3.59%. While rates have gone up over the past year they certainly have not risen too much or too fast. Low rates are instrumental for driving real estate.
Buying Highlands real estate involves financial preparation and this includes knowing what you can afford and securing a lender. A Highlands REALTOR can be instrumental in recommending reputable local lenders who have their fingers on the pulse of what makes a second home market unique. If you have been considering purchasing a vacation home in the Highlands area now is a great time to sit down with your REALTOR.
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about real estate in Highlands NC. We welcome the opportunity to update you on current market conditions while recommending 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 Drop Below 4%” from REALTOR Magazine.