Generally speaking, this is advantageous for both buyers and sellers. Low rates mean people can afford “more” home. However, a buy/sell recommendation should be based on your specific market. Be wary of anyone who makes the blanket statement, “Now is a good time to buy or sell in any market.” Ask them why…why is yours a good market?
Mortgage rates lower again. 30-year fixed avgs 3.40%, 15-year fixed avgs 2.61% (a new record low). Chart: http://bit.ly/XYr3Kc
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