While rates may be slowly climbing, we are still in the midst of some of the most affordable loans we have ever seen in the real estate industry. Depending on your credit, you can find a loan anywhere in the range of 3.5% (for a conventional loan) or 4.5% (for a jumbo loan).
For buyers, this means they can afford to purchase a little more home than what they would normally be in the range for. So, because you can afford more home, is this the time to buy? Let's think about it:
- While they are low, interest rates are slowly increasing
- Home prices are on the rise as well
- Inventory of housing is at a low while buyers are continuing at the same rate; this means there is more competition on the market (a good thing for sellers!)
Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including West Bloomfield, MI short sales, foreclosures and working with home buyers and sellers with Macomb County Luxury homes. When you hire Lang Premier Properties, whether you are purchasing or selling Metro Detroit Real Estate, you can rest assured that you are in good hands.