Highlands NC Real Estate, Mortgage Rates Are Still Low
Mortgage rates are still low, which is great news for Highlands NC real estate. The market is busy. Buyers are looking to leave the hustle and bustle of city living for a quieter yet more active lifestyle. The COVID experience has proven that people can work from home. As a result, real estate sales in mountain communities and areas that offer a desirable quality of life are hot. The Highlands NC area is drawing buyers for just this reason and low rates are adding value to this decision.
A fixed-rate, 30-year mortgage has been hovering around 2.8% almost 1% lower than a year ago when they were 3.78%. This is an incredibly low rate, offering great value for buyers. This can save a buyer of a Highlands NC home for sale a great deal of money over the lifetime of a loan.
Good time to look at a 15-year loan
A shorter-term loan has its advantages. Not only can you pay your home off sooner but you can also take advantage of lower rates than those offered for longer terms. The rate for a 15-year fixed-rate loan is currently hovering at 2.32%. These low rates are tempting cash buyers as well, seeing the value in borrowing money at such low rates. Whether you are looking to buy a Highlands NC home or refinance a home, it is certainly a great time to speak with a lender.
Learn more about Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about buying Highlands NC homes. I welcome the opportunity to update you on the market while recommending reputable local lenders at the same time. Let my knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Sweet Treat for Buyers: Super Low Mortgage Rates Sticking Around” from REALTOR Magazine.