According to the Wall Street Journal, U.S. mortgage rates have hit their highest level since 2014 finishing the week at 4.46% for a 30 year fixed rate. This is the ninth consecutive week that rates have climbed and the trend may continue. The rate hike has already crimped refinancing activity and could push new home buyers out of the market. This has created a double whammy for buyers as home prices have also risen considerably. (courtesy Wall Street Journal, March 9, 2018.)
Now, this is good news if you're in your dream home already, but if you are a new buyer with nothing to sell, it may seem gloomy. However, one has to remember that even at 4.46%, this is still a bargain for borrowing money to get into that new home. Our parents dealt with mortgage rate double and triple that, yet managed to put a roof over their head. So don't despair, spring is upon us, and that usually means a flood of new property listings providing more selection and better pricing due to the competition. If you'd like to find a new home, any one of our agents at Ion Real Estate can help. We have the knowledge, experience and skill to find your home and get the best price possible. So give us a call at 720-466-2866 and let us do the work.
Author:Steve Stein Phone: 720-353-9000 Dated: April 2nd 2018 Views: 106 About Steve: Steve is originally a midwesterner, growing up in Iowa and Wisconsin, but has now lived in the Denve...
View our latest blog posts in your RSS reader. Click here to access.
Ion Real Estate is a hand-picked team of highly respectable experienced Realtors coming together to work with you. Please contact us anytime with any questions. We look forward to serving your Colorado real estate needs. Our experience and dedicated professionalism ensures our clients have exceptional representation every step of the way. At a time where bigger isn't always better, Ion Real Estate has chosen to remain a smaller, highly focused team in order to provide a level of personal service, attention and consideration to our clients that you simply won't find elsewhere. Our decades of experience in the unique world of Denver real estate positions us advantageously to handle all of your real estate needs
Do you have rental properties in Denver? If so, if Amazon HQ com
"“Dave Hansen has helped my wife and me sell two properties and buy two properties since 2002. He's a fantastic real estate agent. In addition to being easy to work with, he knows a great deal about real estate transactions, neighborhoods, renovations, marketing, and negotiation.” "