July 2, 2019
Rates at Record Lows
As of this writing, the 30-year fixed mortgage rate is hovering around 3.75%. This is the lowest rate I’ve seen in years. Low rates mean more buying power. Why would anyone be sitting on the sidelines wavering over a purchase?
The answer? There are so many factors other than interest rates that drive a purchase decision. First time home-buyers, in particular, often take an emotional approach to buying a home. Does this feel right? Am I ready? What if I buy something and don’t like it in a year?
Understanding the emotional aspect of purchasing a home, and being able to navigate the uncertainty for our clients are what set certain buying agents apart from the rest. Buying a home is often the largest purchase of a consumer’s life. The decision should be made with thoughtfulness and care. The first step to begin this journey is to hire a real estate agent who focuses on buyer’s needs to help guide the process.
Regardless of the interest rates, large impactful decisions are not made overnight. Real estate professionals with proper training to advocate for buyers understand all the factors that enter into a purchase decision, and are excellent partners along the way.