With what can only be described as perfect timing, 30 year fixed mortgage interest rates took the biggest single week drop for a decade last week!
With the busy spring home selling season only just under way, this is music to the ears of buyers, who will now be highly motivated to lock in a low rate while they still can.
This is, of course, equally great news for sellers who can look now look forward to more buyers entering the market in the next few weeks than could have been envisaged even a few weeks ago.
And, since last week's big rate fall, there have been further dips this week!
Over the past few years we've seen how rate falls can stimulate the market well beyond expectations and this latest dramatic development looks likely to do the same again!
Of course there are no guarantees that rates won't soon be moving upward again, or even that they could drop even further. What is certain right now, however, is that there is a fantastic opportunity for buyers and sellers to take advantage of this more than welcome situation for as long as it lasts.
The clear message, therefore, is to act now, so please don't hesitate to contact us today to discuss how to best capitalize on a very positive selling environment that has unexpectedly surfaced in such an emphatic manner!