“Mortgage rates hit another record low, the 12th time this year, due to economic and political ambiguity,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Despite the uncertainty that we’ve all experienced this year, the housing market, buoyed by low rates, continues to be a bright spot.”
Now has never been a better time to buy a home. Taking the necessary steps now to position yourself as a strong buyer will benefit you when you are ready to make an offer.
In a fast-moving, competitive market where bidding wars have become the norm, it’s crucial to have all your ducks in a row. Having a pre-approval in place shows a seller you are serious and motivated giving you a leg up on the competition.
Unsure of the steps in the home buying process? The home buying process can be intimidating especially amid a pandemic. Use by Buyer’s Guide as a resource to help you navigate the process and reach out to me to discuss how I am helping buyers find their dream home safely and effectively amid COVID-19.
