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: 331 About Steve: As a Realtor® and real estate advisor, Steve is dedicated to representing the best interests of his...
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Engel & Völkers is one of the world’s leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts, and aircraft. Based in over 800 locations in total, Engel & Völkers offers both private and institutional clients a professionally tailored range of services. Consultancy, sales, and leasing form the core competencies of the staff of more than 11,000 people. The Company is currently operating in over 30 countries on five continents.
Since 1977, we have been the select provider of high-end premium real estate services throughout Europe, Asia, and North America. We use the latest technologies, manage an extensive network of exclusive listings and potential buyers, partner with influential media outlets, and employ the highest-caliber agents who strive to represent our distinguished brand.
Our style o f doing business originates from our early success as a luxury property agency. We maintain the same standards of quality and service in everything we do.
Engel & Völkers, Real Estate Advisors Representing And Promoting The World’s Finest Properties Since 1977
33 Countries | 11,000+ Real Estate Advisors | 800+ Shops | 5 Continents
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