If you are paying any attention to the housing market, you know it’s hot. The market has experienced so many changes within the past year, including some that have never been seen before. Thirty-year mortgage rates hit historic lows in January at 2.65%. For perspective, two years earlier, the 30-year rate was 4.94%!
Rates are still really low at 2.97%, giving buyers extraordinary buying power. Rates are likely to slowly climb up again, so if you’re thinking about buying, this is the time.
Looking to sell a house? What are you waiting for? It’s a very strong seller’s market as new listings decrease, the number of closings rise, and median sales prices increase.
We’d be happy to help with solid advice to get you through to closing and into your next new home! We have lots of buyers in need of townhomes and single family homes in St. Paul, Minneapolis, Maple Grove, Eagan, and even WI. Let us know how we can serve you!