Noel Downing - Real Estate Agent The Bishop Group KWSP
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Good news if you're thinking about buying: Mortgage rates drop to the 5% range for the first time since September.
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip in early September. Before that, it was in early August.
The rate started this week at 6.21% and fell sharply Wednesday after Federal Reserve Chairman Jerome Powell said inflation “has eased somewhat but remains elevated,” which was a shift from the previous language. That sent bond yields lower, and mortgage rates loosely follow the yield on the 10-year Treasury.
For a consumer purchasing a $400,000 home today with a 20% down payment, the monthly payment is $293 less than it would have been in October. Lower rates already appear to be juicing buyer interest.
Read more: https://www.cnbc.com/2023/02/02/mortgage-rates-five-percent-range-first-time-september.html
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Call the team at The Bishop Group today and see how quickly you can go from "for sale" to "sold!"
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🏡Let’s find your perfect home match!
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🏡The Bishop Group- Provident Realty
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01/19/2023
What is on your must-have, homebuying list?
🏠🏘🏢 The Joy Bishop Group 🏠🏘🏢
Let's find your perfect home match!
The Bishop Group- KWSP
01/17/2023
If 2023 is the year to make your move, make sure you like and save this post to help you get started!
*Make sure your home is clean, tidy, and well-maintained. This will help to create a good impression and make buyers more likely to make an offer.
*Make sure you price your home competitively. We will research what similar homes in your area have sold for to determine a fair market value.
*Hire a professional photographer to take pictures of your home. We will have our photographers take quality photos will make your home look more attractive and desirable to potential buyers.
*Take advantage of online listings and marketing tools. Help us by sharing your listing posts on social media, online classified ads, and other online platforms to get the word out about your home.
*Be flexible and open to negotiation. Be willing to listen to what potential buyers have to say and be willing to adjust the price if necessary.
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🏠🏘🏢 The Joy Bishop Group 🏠🏘🏢
Let's find your perfect home match!
thebishopgrouprealty.com
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The Bishop Group- KWSP
12/31/2022
Huge property with tons of potential under contract in a day! Contact the team at The Bishop Group today and see how quickly you can go from "for sale" to "sold!"
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🏠🏘🏢 The Bishop Group 🏠🏘🏢
🏡Let’s find your perfect home match!
🏡thebishopgrouprealty.com
🏡The Bishop Group- KW Signature Partners
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12/30/2022
Don't let fragrance sensitivities interrupt your sale! Even if you got a whole bunch of amazing candles for Christmas!
Chemical sensitivities to fragrances and perfumes - particularly artificial ones - appear to be increasing according to a study by the University of Georgia. Researchers found more than 30 percent of participants got headaches, had breathing difficulties, or other problems when exposed to heavy perfumes, 19 percent had issues with air fresheners and 1 in 10 were irritated by fragranced laundry products. The best advice? Make sure every inch of your home is clean and strong fragrances won't be necessary!
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🏠🏘🏢 The Joy Bishop Group 🏠🏘🏢
Let's find your perfect home match!
The Bishop Group- KWSP
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