What's Drawing So Many Buyers To The Market?
Updated: Nov 13, 2020
As Yun mentioned, record-low interest rates are key. Today's rates are strengthening purchasing power for buyers, too. Sam Khater, Chief Economist at Freddie Mac, emphasizes:
Mortgage rates today are on average more than a full percentage point lower than rates over the last five years.
If you're a homebuyer right now, there's no question that you want to take advantage of this opportunity – and you're not alone. Competition among buyers is definitely increasing as more buyers enter the market and mortgage interest rates remain so low. Here are today's interest rates.
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