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: 170 About Steve: Steve is originally a midwesterner, growing up in Iowa and Wisconsin, but has now lived in the Denve...
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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
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"We first met Marc Blitstein online when we were exploring the possibility of relocating from Central Florida to Denver, CO. From the moment we made contact we found him to be friendly, professional and knowledgeable about the Denver real estate market. He was able to tell us about various areas and he even visited property we were interested in on our behalf. Marc returned emails, phone calls, answered all of our questions, inquires and provided assistance with our questions about Denver’s legal requirements. After we had chosen a property, he was extremely thorough and careful to explain all of the ins and outs of our purchase offer, how the electronic documents and filings would be handled, the process of a home inspection, and other miscellaneous details that are involved in buying real estate long distance. He had several very helpful suggestions for us as we worked our way through the process. Marc went above and beyond our expectations. We whole heartedly recommend Marc as a real estate agent for any relocation to Denver or its metro area."