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What You Need to Know About These Historically Low Interest Rates

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Interest rates are at a historic low. In fact, theyā€™ve been on a slow decline since November of 2018, resulting in some of the best mortgage interest rates weā€™ve seen in a while!

In fact, these are the lowest theyā€™ve been since January 2018. If youā€™ve kept up to date on the Raleigh real estate market, you may have encountered conflicting information about whether or not now is a good time to buy a home. Weā€™re here to set the record straight.

Now is a Great Time to Buy a Home

Right now, the average mortgage interest rate is 4.12%. In 2018, that average rate was about 4.6%.

Market experts at Freddie Mac predict that rates will rise back to 4.6% by the end of 2019. This is sending would-be homebuyers a strong signal: now is the best time to buy a home in the greater Raleigh real estate market!

Lock In Those Low Interest Rates

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If you buy a home in Raleigh now, or before the end of the summer, youā€™ll lock in these historically low interest rates. Your mortgage interest rate has a huge effect on your monthly payment, and the lower they are the less youā€™ll have to pay over the long run!

So, if youā€™ve been thinking about about buying a home in Raleigh, now is the best time to act. With high inventory and low mortgage rates, you stand to make the deal of a lifetime.

Allow Linda Craft & Team REALTORSĀ® to Help

Our team is comprised of professional real estate agents with years of experience helping buyers navigate this unique market. Take advantage of our expertise, in-depth market resources, and local knowledge to find the home of your dreams in the greater Raleigh area.

Have a question about your mortgage or the home-buying process in general? Please give us a call. Weā€™re here to help you navigate a successful transaction in Raleigh.

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