CNN reported this week that mortgage rates are once again at an all-time low on 30-year and 15-year fixed-rate mortgages. Compared to last year’s record lows, this year’s record lows can save borrowers as much as $50 per month on a 30-year fixed-rate mortgage for every $100,000 borrowed. While home sellers may be dissapointed that home prices are trending down overall this year in Gainesville, they may be able to finance “more home for the money” when purchasing their next home due to low interest rates. You can read the whole article online, here.
View Our Listings online at www.GainesvilleRealtor.com to see just how much home your mortgage dollars can buy. If you’re looking for condos, check out our listings in Rockwood Villas and University Terrace!
Have you been considering selling your home? Don’t forget to consider that many families like to move in the summer when kids are out of school. Contact us today for more information about getting your home on the market in time for summer showings.