According to Freddie Mac, the average rate on a 30 year loan was 4.57% last week, near the year high of 4.58%. The week prior, the rate was 4.51%. Though interest rates are still at a historic all time low, the rates are rising, which could indicate the recovery of the housing market.
What does this mean for the consumer? Buyers should BUY NOW! The more prices and interest rates rise, buyers will spend more for less house. Don’t look back and wish you had taken advantage of this great time to buy a home, let’s find one together.
The Restivo Hechtman Team is ready to find the right home for you, so give us a call today. Don’t miss out on this fantastic time to buy!
