Should You Wait to List Your Home?

Should You Wait to List Your Home?

Today, Jeremy Wilhelm from Private Mortgage Group has joined me to answer some questions about the current state of the mortgage business. “This is the perfect time to talk about selling your house and what’s going on in the mortgage market,” Jeremy said. “We’re seeing a huge rally in regards to interest rates dropping. Possibly in the next two days we may see a quarter percent drop in interest rates, which is huge,” he continued.

The issue is getting the word out to sellers, because everything we are listing right now sells very fast due to the lack of inventory. Sellers who wish to wait until spring are missing out on a fantastic time to sell. “Not only is the market poised for interest rates but 4.5% on 30 year money is excellent right now,” Jeremy stated.

Jeremy also explained that if a buyer wants to move up price ranges but waits until spring, they could lose up to $40,000 in interest over the 30 year period.

If you have any questions, please call email or text us and we will also provide Jeremy’s information. Thanks and have a great day!