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Low Interest Rates Mean There's No Better Time to Buy a New Home in Spokane & Northern Idaho
Manage episode 156352695 series 1186134
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Looking to buy or sell a home in Spokane or Coeur d'Alene? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation to see what buyers will pay for your home in today's market. You may also call us at 509-467-HOME(4663) for a FREE home buying or selling consultation.
While browsing some real estate news the other day we came across something we thought you might be interested in. Contrary to what most analysts expected, interest rates are dropping nationwide. In the Spokane, Coeur d'Alene, and Northern Idaho areas, interest rates are as low as 3.7%.
This is great news if you are looking to buy a home. By locking in an incredibly low interest rate now, you'll have substantially more spending power in the future. The market is moving in the buyer's direction, as there is a wide variety of inventory available. It's important you act soon, as reports indicate the Federal Reserve plans to stop buying mortgage-backed securities, which is what has kept interest rates so low.
So if you're thinking about buying in our area, don't hesitate to give us a call. We would love to help you take advantage of these wonderful conditions.
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