Coronavirus isn’t just affecting the stock market and closing schools, it’s also leading to lower interest rates for those in the market for a new home. Right now, interest rates are lower than they have been since 1971. While the Fed rate changes have been shocking to some, it’s a crucial step to maintaining a healthy real estate market, which helps keep our economy healthy.
For most of us, these are unprecedented times. Having never lived through something like this, it can be difficult to make plans for the future. However, some real estate buyers are taking advantage of these extremely low rates to find investment properties or pinpoint their dream home. Read this article to learn more.
In the market for a new home? Want to take advantage of low interest rates? Have questions on what the Fed rate changes may mean for your home and mortgage search? Want a realtor that’s going to work to get you the best deal? Let’s talk—give me a call at 813-240-6563.