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This Is The Time To Sell or Tap Your Equity
Fall usually brings a decrease in activity in the real estate market, and home prices tend to fall during this time of the year. While we are still in the midst of an unprecedented rise in real estate prices, the market is cooling off slightly. Mortgage applications are down and buyers are no longer waiving standard practices such as appraisals and inspections. Interest rates are predicted to slowly creep up throughout the month of August, as well. If you plan to sell or tap your equity, the time to act is now!
30 Year Fixed Mortgage Rate
|Today’s Mortgage Rate||2.921%|
|Change From Yesterday||+0.025|
|Change From One Week Ago||+0.100|
|Change From One Year Ago||-0.157|
15 Year Fixed Mortgage Rate
|Today’s Mortgage Rate||2.209%|
|Change From Yesterday||+0.021|
|Change From One Week Ago||+0.042|
|Change From One Year Ago||-0.426|
Today’s Financial Headlines
The surge in real estate prices has provided an unexpected windfall for homeowners across the country in the form of increased home equity. However, the market will eventually correct and normalize, so you should act now. You don’t have to sell your home to profit. This guide will walk you through three options to liquidate your equity while remaining in your home.
If you are looking to buy a new home, you should shop for the best mortgage. This guide cuts out some of the research and footwork. These are the ten best 30 year fixed rate mortgages currently available. Various lenders offer different rates based on a variety of factors. To get the best deal you must have a great financial profile and choose a lender offering the lowest rates.
While housing prices and real estate activity usually decline in the fall, this is not a usual year. Forbes has interviewed several prominent real estate experts to find out what they predict for the fall market. Experts are encouraging buyers and homeowners to act now. While the market will remain in a trend of high prices and low rates, there is no better time to sell or tap equity than the current moment.