Last week, long-term interest rates dropped to their lowest point in two-years. According to the weekly report, applications filled out by consumers looking to obtain a mortgage to purchase a home surged by 22.5 percent! Better yet, long-term interest rates have dropped to their lowest point since 2005, coupled with unprecedented deals and incentives being offered by homebuilders and home sellers, we could very well be seeing one of the best buyer’s markets in history.
Prices are leveling out and there’s no way the economy can sustain these low interest rates forever. The people who take advantage of this very favorable housing market could lock in the deal of a lifetime. If you are on the fence as to whether or not to buy, the time is now!