Yet again, mortgage rates are tumbling and this morning it was announced that 30-year rates are now at the lowest levels since February (Source: CNBC).
This is very welcome news that is likely to drive a very busy market in August.
We've recently seen signs of a more balanced approach by buyers and slight improvement in inventory of available homes for sale, but even lower mortgage rates can only act as an important further purchasing stimulus.
And while inventory has improved, it's still much lower than the very busy market at this time last year, so there's still tremendous scope for new sellers to enter the market.
A combination of lower cost borrowing and wider choice of homes has the potential to really energize the market as we approach the end of summer.
Why not contact us today at 435-327-2090 to discuss your best options.
