Real Estate News ... May 9, 2020

Increase your POW- power . . . your purchasing power, that is.

Mortgage rates are at an all-time low.  Late last week they were 1 point less than last year at this same time.  Local lender Brian Dean of Opes Advisors said in our weekly market meeting that this 1 point difference increases your purchasing power by thousands of dollars! It’s true that home prices may drop in the future, but interest rates may go up too . . . Why not take advantage of the current market and buy your dream home today?  As always, I’m here to help…

30-year fixed mortgage rate over the last 5 years

30-year fixed mortgage rate over the last 40+ years


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