Mortgage Rates Are Low, Great For Buying Highlands NC Real Estate
Mortgage rates are low, which is great for buying Highlands NC real estate. This week the average rate for a 30 year fixed rate mortgage was 3.45%, down from 3.49% the week before. Furthermore, contracts to purchase homes nationwide are up. Of course, these low rates are also great for homeowners looking to refinance. Ultimately, low rates are great for buyers, sellers, and owners.
Low rates save over the lifetime of a loan
Today’s low rates are great for saving money. Low rates make it great for sellers in that they entice buyers into the market. Additionally, securing a loan with a shorter term might hold appeal with such low rates. This week’s average percentage rate (APR) for a 15-year loan was 2.95%. Such a low rate adds great appeal for a shorter-term loan. Not only would a Highlands NC property be paid off sooner but it would also save a great deal of money in terms of interest.
Get pre-approved before starting your a property search
Pre-approval makes it easier for your Highlands NC REALTOR to put together a property search list. Looking within your price range is an important part of finding the right home. Your REALTOR will be able to recommend local lenders and get you started on the road to buying your dream home.
Learn more about buying Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying a home in Highlands NC. We welcome then opportunity to update you on market conditions while getting you ready for your property search. Let our knowledge and experience serve as your guide to buying Highlands NC real estate.
Click here to read “Freddie: Mortgage Rates Are ‘Deal of the Century’” from REALTOR Magazine.