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Interest rates still remain incredibly low. Over the past two weeks, we are seeing historic lows that we haven’t had in three to four years. With all the financial instability we are seeing in the stock market and the changes that have occurred with the Brexit in the UK, there has been a downward pressure on interest rates, and we’re seeing rates lower than we ever have.
Well-qualified buyers are seeing 30-year mortgage rates around 3.5%, and even lower than that for 15-year mortgages. We are even seeing some buyers get rates in the 2.5% range.
There are some incredible financing opportunities allowing our buyers to buy a better home than they