Mortgage Update: March 23

Low Inventory & High Demand Creates a Great Opportunity for Sellers

The Fed raised short-term rates a quarter of a point yesterday. The effect on the long-term interest rates has been pretty steady. Interest rates are staying in that 6 to 6.5 percent range (depending on your situation, credit score, loan to value program type, etc.).

It's a great time to buy, but today's update is a message to the sellers out there. If you are thinking about selling within the next 60 to 90 days, inventory is at an extreme low. The lower the supply, the higher the demand. 

This market offers a great opportunity for sellers to list now and optimize their price. Don't wait – get your house on the market as soon as possible. Buyer demand is very strong. Our team can help seamlessly facilitate your entire move.

Please email mortgages@johnadamsmortgage.com.