In February, prevailing mortgage rates continued to rise. This has a notable impact on housing affordability and can leave consumers choosing between higher payments or lower-priced homes. According to the Mortgage Bankers Association, the average rate for 30-year fixed-rate mortgages with a 20 percent down payment that qualify for backing by Fannie Mae and Freddie Mac rose to its highest level since January 2014. A 4.5 or 4.6 percent rate might not seem high to those with extensive real estate experience, but it is newly high for many potential first-time home buyers.
Market Overview Charts for All Properties
Have you considered selling your home in the Triad?
Contact us today. It's 100% true that NOW IS THE TIME to sell your home.
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It's still a competitive market for buyers and hunting on sites with inaccurate information (like Zillow and Trulia) does you no good. Tell us what your needs are and we'll set everything up so you get new listings and price reductions delivered straight to your inbox!