Link Realty's Monthly Report - January

Rates are still near historical lows. So are home prices. There are still real estate deals waiting to be claimed. So, that begs the question: Is now a good time to buy a house? The economy is healthier than any time in decades, especially based on unemployment numbers. Incomes are up. Inflation is down. According to Freddie Mac, the average nationwide 30- Year fixed rate just hit 3.625%, about 2 percentage points lower than expected by now.

 To put that into perspective, you would save over $300 per month on a 10% down, $350,000 loan with that 2% rate drop. Additionally, at Clear Mortgage, we don’t have any lender fees. No application, origination or processing fees. About $1000.00 saved in costs alone.
If the time is right, buy a home for the right reasons: Because you need a place to live and want to build equity instead of paying someone else’s mortgage with your rent. With rates being low your monthly payment in many cases, is CHEAPER than paying rent. You may decide that now is the time to strike, Your income is solid, mortgage rates are low, and there are affordable homes in your desired area. 

Own a home already? Why not take advantage of the rates in lowering your payment, consolidating debt, or pulling out some earned equity to work on a home project?  Purchase or refinance, get started using the link below. You may be happy about your pro-active decision before the environment changes in 2020.

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