Interest is and will remain strong for the most affordable homes in any market as first-time buyers, investors, and cost-constrained shoppers compete for the same homes.
Circumstances such as down money will force some buyers to make compromises. My advise is to get with a lender to help you find the BEST loan for the BEST payment.
Nationally, home prices rose sharply during the pandemic, an 18.5% increase in median list prices from June 2019 in the pre-COVID-19 days, according to Realtor.com data.
Plus, the 30-year fixed-rate mortgage averaged 3.45% for the week ending Jan. 13, up nearly a quarter of a percentage point from the previous week, Freddie Mac reported on Thursday.
It’s the highest average rate since March 2020.
With rising interest and rising prices NOW IS THE TIME TO SELL AND BUY.
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