Saturday, July 17, 2021 / by Teresa Dipeso
Interest Rates LOW But Projected To Increase Significantly
Now is a great time to buy a home at the Shore. With interest rates near historically low levels, and the level of affordability at a 10 year high, why wait for rates and home prices to continue increasing?
Average 30-year rates at the time of writing this are less than 2.9%! But don't expect that to last.
Many prospective homebuyers know this, and are eager to take advantage of these historically low rates. Shore homes are selling so quickly because buyers realize this isn't a bubble, but simply a lack of inventory coupled with demand from the low interest rates. They also know prices are projected to continue increasing, meaning now is the time to get in.
I've been helping homebuyers at the Shore find their dream property for 25 years.
Put my experience to work for YOU and call/text 609-780-1434 today!