With interest rates dropping, what are you doing to protect your money and/or leverage it?
Interest rates drop as a means of spurring buyers into action, and it works! The only issue with rates going down is that savers lose more money. The annual interest on saved money is less than the inflation rate, effectively costing you money and lowering you bank account balance.
So that means that now would be a great time to buy a house! Think about this if you aren’t convinced. If you buy a house now with low interest, if rates go up, you are in a great position. If rates go down, you can refinance and lower your mortgage! There really isn’t a reason not to buy unless you truly aren’t ready, and even then, there are programs that can help with the initial purchase of a house. Real estate is full of incentives!
As we write this, we have a house just days away from hitting the market. If you are looking for a 4/2.5 in Mary Esther, FL, give us a call! It is an amazing property and won’t last very long!
Contact us at (850) 710-0710 if you have any real estate needs or questions or if you want to inquire on our upcoming listing.