​​​​​​​As we approach the spring real estate market, the lack of homes for sale is the greatest factor affecting the housing market. We predict that inventory will increase in the upcoming months as spring is typically the busiest time of year in real estate. Mortgage interest rates are also driving the change in the market. The interest rate for a 30 year fixed mortgage is currently averaging 6.625% and a 15 year fixed mortgage interest rate is currently averaging 6.250%.

An option for buyers wanting to save on their monthly payment is to buy down their interest rate. With the extremely low inventory, it is a great time for sellers to take advantage of the opportunity they have in the current seller's market. Contact us to discuss your unique home buying or selling situation. 

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