NELSON BUSS, REAL ESTATE PROFESSIONAL
  • Home
  • Current Listings
  • Recent Sales
  • Buyers & Sellers
    • Buyers
  • About Nelson
  • Blog

Conejo Valley Update

Current Mortgage Rates and How They Impact You

6/28/2019

0 Comments

 
Picture
After dropping for seven of the last nine weeks, mortgage rates have hit their lowest point since November of 2016. International uncertainties are proving to be a benefit for consumers at home. But the real question is, how do you take advantage of this?

If you are looking to relocate, this presents itself as an ideal time to list your home, lower rates give buyers greater purchasing power, which expands the number of people qualified to purchase your home than at any other time in the last two and a half years. This can translate to a quicker sale and a smoother escrow. 

That greater buying power is also beneficial to you if you are in the market for a home, as it increases the number of prospective properties you can afford. It also translates to the lowest possible payment after you close the deal. For those of you staying put, this is an ideal time to refinance, as it may translate to a reduction in your monthly payment if you purchased recently. If you are looking to take cash out for improvements, this is an opportune moment to look into whether that makes financial sense to do. 

If you have more questions on how interest rates are impacting you, or if you have additional questions about the current real estate market and how it impacts your property, your neighborhood, or even in general, please feel free to contact me at NelsonBussRE@gmail.com or call (805) 368-3419. 
30-Year Fixed Mortgage Average in the United States
0 Comments

    Author

    Nelson Buss, Realtor
    (805) 368-3419
    ​nelsonbussre@gmail.com

    Archives

    February 2021
    January 2021
    June 2020
    March 2020
    January 2020
    November 2019
    July 2019
    June 2019
    January 2019
    December 2018

    Categories

    All

    RSS Feed

NELSON BUSS, Real Estate Professional
Aviara Real Estate

BRE# 01945847

(805) 368-3419
2555 Townsgate Rd Suite 200, Westlake Village, CA 91361
NelsonBussRE@gmail.com

Home                                   About
Call                                       Email
Newsletter

© COPYRIGHT 2018. ALL RIGHTS RESERVED.
  • Home
  • Current Listings
  • Recent Sales
  • Buyers & Sellers
    • Buyers
  • About Nelson
  • Blog