Indeed, As Mortgage Interest Rates Decline, More Buyers Will Be Able To Afford To Buy Your Home


Indeed, As Mortgage Interest Rates Decline, More Buyers Will Be Able To Afford To Buy Your Home
By Scott Rogers • September 24, 2024
Mortgage interest rates have been declining for about five months now... Early May = 7.22% Early August = 6.47% Mid September = 6.09% Will we even see a FIVE-point-something mortgage interest rate soon? Quite possibly. As any home buyer will tell you, these lower mortgage interest rates are GREAT... they are lowering mortgage payments for buyers getting ready to buy a home. And... for the home sellers... these interest rates are also GREAT... they allow more buyers to afford to buy your home! If you're getting ready to buy a home, but haven't talked to your mortgage lender in a few months, you should reconnect with them and ask for an updated estimate of your mortgage payment given these newer, lower mortgage interest rates. Receive Updates by Email Recent Articles: Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer We Will Likely See Fewer New Listings Over The Next Few Months
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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