July 26th, 2024
Mortgage rates have come down to their lowest levels since January of this year. The 15 year fixed rate mortgage dropped to just above 6% while the 30 year fixed rate settled in at an average of 6.78%. Combine lower mortgage rates with increased inventory and you have plenty of buying opportunities in our local marketplace. Buyers waiting for even lower rates should be cautious. Lower rates will increase buyer demand, driving prices even higher.
Talk to your By The Sea Realty agent about your home financing options. We can put you in touch with the perfect lender for your specific financing needs.
