Our year continues to go strong. As of today (9/8/2016), the 30 year fixed mortgage rate nationally is 3.56% (according to www.BankRate.com). The 52 week average has been 3.84% (also according to BankRate.com). That means that rates are still at some of the lowest points they have been in the last year. Buyers are out in force still. Houses are moving. If you are thinking about buying, you are getting some of the cheapest money in the last 30 years, and that is really saying something.
If you are thinking of selling, right now is when people start to self-eliminate themselves. They think that nothing sells during the Fall and Winter, and so they will wait until next Spring. So let me ask you: what sort of a position does it put you in if you have buyers out there hunting for homes in record numbers, and less sellers to compete with?
I have been talking with several people lately that were considering putting their house on the market for $5,000, $10,000, and even $20,000 less than the market would bare. If you would like to know the true value of your house, I am happy to help. You can reach me here.
~Ryan Lynch
