2021 Low Mortgage Rates: How this Exciting Trend Affects You
The events of 2020 have caused major economic shifts. With home values soaring high and mortgage interest rates at an all-time low, 2021 has become an outstanding year for real estate. Read more to learn how low mortgage rates could affect homeowners, buyers, and sellers!
Low Mortgage Rates: Homeowners
With mortgage rates being as low as they are, homeowners can benefit by refinancing their current loans. By cashing in on low-interest rates, homeowners can save up to thousands on their monthly payments and pay more towards their principal. If you are considering refinancing, now is the time!
Low Mortgage Rates: Sellers
For those looking to sell their home in this market, the ball is completely in your court. Sellers are able to price their homes at record high prices due to the high demand and low inventory of homes. With mortgage rates sitting just above 2%, buyers are incentivized to take advantage of purchasing their new homes which has created more demand for homes than available homes for sale. This could also mean a shorter listing period for your home!
Looking to sell your home quickly while avoiding showings or open houses? Mark Spain Real Estate’s Guaranteed Offer provides sellers the opportunity to close in as little as 21 days and receive the most competitive all-cash offers in the industry! No showings, no open houses, no stress. Get your Guaranteed Offer today!
Low Mortgage Rates: Buyers
For those looking to buy in this competitive market, you can rest easy knowing your mortgage rate will not be extraordinarily high. With interest rates down nearly 3% within the last three years, purchasing a home now is more financially accessible than in recent years! Now is the time to purchase your dream home you have been eyeing for quite some time.