Agents and Buyers

Interest rates and home prices remain extremely low.

Purchase activity is at an all-time high, which is no surprise given current interest rates and home prices. If you have the means, you should consider investment properties. With rents so high, you can immediately create cash flow; you can leverage your money in a way that return on investment is immediate, something which was previously impossible.

4.5% Interest Rates

People are getting rates as low as 4.5% on investment properties, which means they’re going to pay very little interest over time, compared with what they would have paid with the previous norm of double-digit interest rates for investment property loans. If you have the capital, and it takes a lot less than one would assume that it would, this is a great time to be in the real estate market as a buyer.

Refinance or Short Sell

If you are in a more challenging position, or just want to save yourself some money each month, this is also the time to refinance and take advantage of these extremely low interest rates. If you thought your rate was great a few years ago, just wait until you see the kind of rate you can get now! And, if you owe more than your home is worth, this exceptional window for short sales is quickly closing – next year will likely bring a completely different, less beneficial set of rules.

This is a great time to be a buyer or a seller. Make the most of it by choosing the right agent.

	Michael Dunsky Vice President of Mortgage Lending
P: (508) 528-1800 F: (508) 749-7695	Michael.Dunsky@guaranteedrate.com guaranteedrate.com/MichaelDunsky NMLS ID: 21372
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