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Now Is a Great Time to Buy in Kansas City
Manage episode 166574467 series 1316864
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Interest rates are down, and they have been for a while. Everyone was expecting rates to go up, but they actually dipped further the other day in the wake of the Brexit! What does that mean for you?
It’s a great time to buy a home. Even though the market is still pretty hot, it has started to slow down a bit, and you won’t see rates this low again for a long time. If you’re trying to get into your first house, buy an investment property, or upgrade, it's a great time to lock down these low rates.
Typically, rates tend to jump up after elections. They should remain low for the next couple of months, but by next year we will definitely see rates in the 4% range. Now you can still get a home with a 3.5% interest rate. You can even get an investment property to generate a little passive income each month.
If you have any questions, give me a call or send me an email. I would be happy to help you!
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