Where Are Interest Rates Headed?

Already at Historic Lows, Where Are Interest Rates Headed?

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. The question is, “where are interest rates headed”? Low interest rates are big news for buyers looking to get more for their money in the current housing market.

Over the past two years, rates have fallen from an average of 4.94 percent for a 30-Year fixed-rate mortgage all the way down to 3.55 percent.

According to Freddie Mac’s Primary Mortgage Market Survey,

“the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.”

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

So, even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your shortlist of goals to achieve, let’s get together to determine your best move.

Begin Your Own Property Search for Luxury Dream Home:

So, if you’re ready to begin your search for your dream home or condo in Naples, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate. There are more than 150 different golf communities in Southwest Florida and 90 percent of them are private. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close making your home purchase as effortless as possible!

Bottom Line:

If you’re looking for an experienced, focused and results-oriented Realtor in Naples, Bonita Springs, Estero or Fort Myers who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home, pet-friendly home or dream home, call us or text us at 239-370-0892 or email Matt@NaplesGolfGuy.com