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INTEREST RATES HIT ANOTHER RECORD LOW!  THE ELECTION MAY CHANGE THAT…

It’s incredible!  Interest rates have never been this low for a 30 year fixed mortgage.  We went back 50 years, all the way back to 1970.  Chris Gonzales with the Mother & Son Real Estate team, Berkshire Hathaway HomeServices CA Properties gives you a glimpse of where interest rates were 50 years ago, and where they’re at now.  

 

This creates in incredible market for buyers and sellers alike.  Yes, home values are also at all time highs BUT when looking at a families monthly budget, focusing on rent, or monthly payment expense, it truly is a “No Brainer” to purchase in this market.  We’re seeing buyers purchase homes with little money down out of pocket and being able to have a payment extremely close to what they would be paying for rent on a similar type residence.  It’s incredible!  

 

And of course, now speaking to home owners.  Because money is so cheap to lend right now, a buyer is able to pay a lot more for your home with a 2.75% interest rate than they would be at a rate of 3.75% which is where the 30 year fixed rate was at this time last year. This is the perfect scenario for any seller right now.  These are the times we recommend making a move, especially since the election is just around the corner.  It doesn’t take a genius to know that we are in volatile/turbulent times in our nation.  The things that are taking place in our nation now with COVID and rioting throughout our nation is having an impact on the real estate market.  This of course will pass and things will eventually adjust with interest rates and the real estate market, so we encourage you to take action now while you can…

INTEREST RATES HIT ANOTHER RECORD LOW!  THE ELECTION MAY CHANGE THAT…

It’s incredible!  Interest rates have never been this low for a 30 year fixed mortgage.  We went back 50 years, all the way back to 1970.  Chris Gonzales with the Mother & Son Real Estate team, Berkshire Hathaway HomeServices CA Properties gives you a glimpse of where interest rates were 50 years ago, and where they’re at now.  

 

This creates in incredible market for buyers and sellers alike.  Yes, home values are also at all time highs BUT when looking at a families monthly budget, focusing on rent, or monthly payment expense, it truly is a “No Brainer” to purchase in this market.  We’re seeing buyers purchase homes with little money down out of pocket and being able to have a payment extremely close to what they would be paying for rent on a similar type residence.  It’s incredible!  

 

And of course, now speaking to home owners.  Because money is so cheap to lend right now, a buyer is able to pay a lot more for your home with a 2.75% interest rate than they would be at a rate of 3.75% which is where the 30 year fixed rate was at this time last year. This is the perfect scenario for any seller right now.  These are the times we recommend making a move, especially since the election is just around the corner.  It doesn’t take a genius to know that we are in volatile/turbulent times in our nation.  The things that are taking place in our nation now with COVID and rioting throughout our nation is having an impact on the real estate market.  This of course will pass and things will eventually adjust with interest rates and the real estate market, so we encourage you to take action now while you can…