Clarksburg Village MD | Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate

 

Clarksburg Village MD Local Market Tidbits:

What can you say about our local Real Estate Market for this year? 

I like to analyze it with a depth study and perspective to bring you the facts and insights that should matter to you.

If you are a buyer, you should proceed with caution in choosing existing homes vs new construction.

If you are a seller, you have major competition with new construction in the area and it is very important that your marketing should primarily highlight the benefits from your home's perspective.

Clarksburg Village remains the most sought after neighborhood in Clarksburg MD and there are several reason why..

Today I want to talk to you about Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate

 

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018.

Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage have fallen to their lowest mark this year, at 3.88%. This is great news for homebuyers looking to purchase and homeowners looking to refinance.

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home.

Let’s take a look at a historical view of interest rates over the last 45 years.

 

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

 

The Clarksburg Village Maryland real estate market is uniquely hyper-local, meaning that you can't  throw the latest sales numbers within local/national levels and expect meaningful results about its condition.

Buyers should be very observant about the trends and direction of the market before putting an offer for a house.

Our agents are ready to help all your real estate needs 

To reach us, please call 301-246-0001

or send us an email  info@ReallyNiceHomes.com

Search for the newest listings in Clarksburg by map (click picture below) 

 

 

Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 

www.99SOLD.com - Call or text 240-426-5754 for more information.