Buyers can breathe a sigh of relief – Freddie Mac economist prediction for Interest Rates the next 2 years is to remain under 5% – a revision to earlier forecast that interest rates would increase to over 5.0%.
Many sellers have had to reduce the asking price on their homes because of increased competition – more homes are coming on the market so buyers have more choices and fewer bidding wars to compete with. Price reductions, more homes to choose from and interest rates remaining under 5% is very good news for buyers.
Read more about Freddie Mac’s predictions here.
Whenever you are ready, here’s some ways that I can help with your real estate goals:
1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search
2) Join me for a home tour – Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm – choose your tour here
3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market – that way you can beat others to the best homes. Send me an email with “specific search” in the subject line and your wish list – Price range, school district, style, minimum number of bedrooms, etc. – [email protected]
4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What’s the difference between a FHA loan and a Conventional loan? Send me an email – – [email protected] with “Home Loan Report” in subject field and I’ll send it right over.
Also….check these out??