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Tait Zimmerman
(907) 519-0043
tait@advantagealaska.com
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Monday Morning Mojo: Low Mortgage Rates!

 

After hitting a high of just under 5% early this year, interest rates are now just above historic lows at roughly 3.75% for a 30 year mortgage! Just for reference, 3.31% was the historic low in 2012, and this is the lowest they’ve been since 2016, so not shabby at all!

Here’s a helpful, recent article on current rates: Current Rates

Here’s a chart showing rates since 2015: Rates Since 2015

What does this mean to you?

– For homebuyers, lower rates either mean, a) you can buy more home, or b) you can buy the same home as previously, but pay less money per month on your mortgage. Either way, it’s a win win. Here’s an article that describes the dramatic effect of rising or falling interest rates on purchasing power:
How Mortage Rates Affect Buying Power

Simply put, now’s a great time to start looking for the right home!

– For sellers, lower interest rates are great, and the market has kept steady! Lower mortgage rates mean that your home is available for a wider pool of buyers to qualify for.

If you have any questions, feel free to respond back and I’ll answer them! I work with local real estate buyers and sellers accomplish their goals full time, and would love to help!

 

Tait Z.
Tait Zimmerman
Advantage Alaska Real Estate/eXp Realty
www.AdvantageAlaska.com
907-519-0043
“Your home sold in 90 days, or I’ll sell it for free!”
P.S. ~ My goal is to always do an excellent job for my clients. If I’m doing a great job for you, please consider passing my name on to others who are looking to buy or sell real estate in the local area!

Posted in: Monday Morning Mojo Tagged: Advantage Alaska Real Estate, Monday Morning Mojo, Tait Zimmerman

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Cord & Tara R.

Cord & Tara R.
Sold in 5 days for 102% of asking price!

"The Zimmerman Team sold our home in five days for more than 100% of asking price. They did an excellent job of guiding us to closing and through the whole process of selling our home. We would highly recommend them to everyone!"
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1330 E Bogard Rd., Wasilla, AK 99654

(907) 519-0043
tait@advantagealaska.com


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