2014 Mortgage Rates Reach New Low

2014 Mortgage Rates Reach New Low

If you have been on the fence about buying real estate now is the time to jump on board! Repeat NOW is the time! Whether you are first time home buyers, up-sizing, down-sizing, or investing rates are at new low for 2014.  Previous predictions were that mortgage rates would inch up slowly by the 3rd quarter of the year and finish out the year strong, but instead they broke the mold and headed south!  What does that mean for Dallas Buyers....GOLD MINE!  Rates are low and more and more applicants are being qualified. The real problem lies with the lack of inventory.  In some areas its less than a 30 day supply.  In a good market inventory would be anywhere from 60-120 day supply of homes. Right now in some communities there are literally 5 listings, making this the most competitive market in years! According to the National Association of Realtors Freddie Mac reports the 30-year fixed rate mortgage dipping at 4.10% (average) compared to 4.58% in 2013.  The 15-year fixed rate mortgage is averaging 3.23% compared to last year this time at 3.60%.  There's still something for everyone...5-year Hybrid ARM currently 2.95% from 2.97 from last week and 3.21% average in 2013. The Dallas/Fort Worth is one of the fastest growing real estate markets at all price points.  From Toyota, Tessla, and the Dallas Cowboys relocating to Frisco the North Dallas area and suburbs is one of the hottest markets in the nation! So undoubtedly, NOW is the time to buy and sell!  Seller's are getting over list price due to the lack of inventory and buyers are getting great rates!  It's a win for everyone!!!  

Lisa Montes - Luxe Dallas Homes
REALTOR since 2008
Serving Grapevine/Southlake, Coppell, Carrollton, Plano, Frisco and surrounding North Dallas Suburbs
lisa@luxedallashomes.com
817-201-7388
luxedallashomes.com



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Dated: August 22nd 2014
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About Michael: Are you looking for a Realtor that will put your interests first? As a young kid growing up in the ...

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