Dear Friends:

There’s been a lot of talk about increasing mortgage rates in 2019, and this week, they inched up a bit. However, according to a new analysis by REALTOR® Magazine, this shouldn’t be cause for concern for sellers.

Quoting the article:

“ ‘Rates moved up slightly this week while mortgage applications decreased following last week’s jump in rates—indicating borrower sensitivity to changing mortgage rates,’ says Sam Khater, Freddie Mac’s chief economist. ‘Despite the recent rise, we expect mortgage rates to remain low, in line with the low 10-year Treasury yields, boosting home buyer demand in the next few months.’ "

The bottom line? Overall borrowing costs are still within acceptable levels for most consumers, which should keep buyer affordability and competition at desirable levels for sellers.

Looking to get into the market? Spring is a great time!

Contact our central team at 888-822-8008 to set up a free, no-obligation in-home consultation with a licensed agent. You’ll receive a free comparative market analysis, find out how much your home is worth, and get all your questions answered, all in under 45 minutes. You can also book an appointment online by clicking the button below.

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Purplebricks is a licensed real estate broker in California DRE #02036366, New York, Connecticut, Nevada, Arizona, New Jersey and Florida. Purplebricks, Inc. pledges to support the Fair Housing Act and adhere to Equal Housing Opportunity laws.

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