Interest rates are a topic of the daily media. We are inundated with article after article about “surging” rates and “historic rate hikes,” but if we are looking at rates historically, at 5.5% today, they aren’t even close to historical highs.
We just had a client lock a 30 year fixed loan a few weeks ago at 4.571% with NO POINTS. That is about what rates were in March, when the market was on fire, setting record high closings. Rates are up 1% overall, but the market is down about 7% since May.
Even with rates in the mid 5%’s, sellers are ready to make deals, buying down that rate is an option. If you’re sitting the sidelines, you could be missing an opportunity. Let’s talk!
Find us here,
Christy Klingler
Dickson Realty
775.750.5492
cklingler@dicksonrealty.com
Lic#49001
