Good News For Bay Area Home Buyers
According to the FHLMC (Freddie Mac), the average 30-year mortgage interest rate dropped to 4.06%, the biggest 1-week decline in 10 years, and down from 4.94% in November 2018. That rates are approaching 4% is an amazing turnaround from expectations a few months ago.
That’s good news for sellers as well. Lower interest rates means that buyers’ monthly payments will be less than they expected. But it also means that more buyers can qualify for higher priced homes than before. This should bring more potential buyers to your Bay Area home for sale.
Are you thinking about buying now? Or planning to list your home for sale? Contact me any time and I’ll show you strategies to achieve your goals that you won’t see anywhere else.