Interest Rates Hit a Record Low!

30-year fixed interest rates hit their lowest level in almost 40 years! According to Freddie Mac, the average rate fell to 5.19%, down from 5.47% the previous week and 6.14% at the same time last year. Freddie Mac started tracking this data in 1971 and this is the lowest rate during that time. So if you've been trying to determine when it's really the "right time" time to buy, the data speaks for itself. You have tremendous purchasing power with significantly lower home prices than we've seen in years and historically low interest rates. Many buyers are going to be getting off the fence to buy so don't wait or you will actually be competing with other buyers on the best properties.