Renae Stucki Realtor wants to share this article we read on Realtor.com about the mortgage rate staying flat for another week. You can read the article HERE.
This is good news for those of you who are looking to get into the market but haven’t made taken the plunge yet. There’s still some slack in the rate and as yet, it hasn’t made a major move upward. Of course, analysts have anticipated an upward trajectory and the fact it isn’t moving makes most analysts predict a rather quick and sharp increase in the rate when it does get back on track.
This means it’s still a good time to lock in a rate before anything drastic happens.
I was reading some articles the other day about how younger people aren’t considering home ownership the way they used to. And I can totally see that. The economy is still struggling to get its footing and smart young people are waiting until they’ve found steady work after graduation to even consider looking for a home. Even with a steady job, the cost of student loans is so great, there’s no guarantee they’ll be able to afford much for awhile.
But I’m not sure that’s 100% accurate for this area. We’re still seeing younger families buying properties. I think the American Dream is still alive and kicking in this neck of the woods and why shouldn’t it be? St. George and Washington County are great areas to live and raise kids.
If you’re trying to decide whether or not to get into the market, contact Renae Stucki today and she’ll help you determine if home ownership is the right choice for you.
