Are you curious about what's going on in Anchorage real estate? If so, you've come to the right place!
Recently, interest rates have dropped. Over the last year or so, rates have hovered around the 4.3% mark. However, a few weeks ago 30-year fixed-rate mortgages dropped to about 3.9% and 15-year fixed-rate mortgages dropped to 3.25%!
It really doesn't get much better than this...
What do these great rates mean to you as a buyer? For starters, it means you can buy more house - you get more value for your dollar. As a seller, it also means that the prices of homes have stabilized and remain high. Whether you're buying or selling, now is the time to get real estate to work for you!
With oil dropping below $60 a barrel, it's inevitable that we'll eventually see some changes in interest rates will go up somewhere between 5% and 7%. If rates jump 1% for a home that's $250,000, you will have to pay more than $200 a month more for the same house. Over the life of a 30-year loan, you will pay over $73,000 more than you would if you were to lock in today's low rates.
rates. It's predicted that, between the next 6-18 months,
rates. It's predicted that, between the next 6-18 months,
As you can see, waiting to make your move could cost you a whole lot of money down the road. If you have been on the fence about buying, now is the time to make your decision. If you're thinking about selling, now would be the time to put it on the market if you want to get great value from it.
Give us a call or shoot us an email for real estate help of any kind, we would love to make the process as smooth and stress-free as possible. Thanks, and have a great day!
