Rates Down/Inventory Up
Happy Weds – I hope you are doing well. I have some positive news to share. If you watch the news you probably think now is not a good time to buy. However, that is not the case. Interest rates have dropped, inventory is continuing to go up and now is a better time to buy then we have seen in the last 2 years. Please see the article below for rate information and watch my video for more details on the market.
Long story short, if you tried to buy in the last 2 years and were frustrated due to inventory, then now is the time to get back in the market. Our clients are getting their offers accepted at or below list price, have normal contingencies, and the sellers are paying closing cost again. We are also getting FHA/VA offers accepted and had 2 contingent offers accepted this week. Don’t let the news scare you into waiting. Talk to a local realtor and local lender and make sure you understand how you can win in our current market.
Cornerstone Mortgage Group
Georgia Residential Mortgage Licensee: 21412 • Company NMLS: 147913 • Individual NMLS: 147938