Good news from the Federal Reserve who cut interest rates for the first time in over a decade! Homeowners and those looking for a home loan can celebrate the one quarter of one percentage point lower interest rate which can add up to big savings.
Now is a Great Time to Buy a Home
Timing is everything, and for those homeowners or homeowners-to-be who waited to buy, now is the perfect time to buy your next home. With rates as low as 3.375% on a 30-yr fixed loan, you can save thousands on a home loan or upgrade to a home with a larger asking price.
What the Federal Reserve’s Decision Could Mean for the Housing Market
A drop in interest rates could mean more homes will be on the market, pushing homeowners who were previously on the fence to sell and buy their next new home. With such low rates tempting people, more people might jump at the chance to move up or out, leaving a supply of new homes in the third and fourth quarters.
Homebuyers who may not see themselves in a home for a long time can enjoy the low adjustable rate loans, currently set at 3.625%. A lower rate means a lower mortgage payment, and more money for vacations, remodels, home improvement, college, or retirement.
Helping Buyers and Sellers in the Tri-Valley Area Fulfill Their Real Estate Dreams
The Gamache Team has been assisting homebuyers and home sellers in the Tri-Valley for decades. Our family enjoys living here and can help you pick out your next new home. We know the neighborhoods, schools, recreational opportunities, and best places to grab a bite to eat or enjoy a bargain.
If you are considering a move to the Tri-Valley area, we invite you to visit our home page and check out the areas that interest you.
Please feel free to contact us for a no-pressure consultation. We are happy to assist you and answer any questions you may have about moving to the Tri-Valley, giving you an estimate on your home’s value, or partnering you up with a lender who can help you take advantage of these great rates!