For many people, 2021 will be the year they pull the trigger on a new mortgage or even buy a home. It’s still an excellent time to do it. Rates are forecast to remain low through the spring. Considering the complexities of restarting a post-COVID-19 economy, it could hover at or below 3 percent for even longer.
What’s more, the real estate industry as a whole should get a long-overdue boost as agents and brokers return to their traditional, pre-pandemic processes. Open houses, a larger inventory of available properties, and sustained low mortgage rates will undoubtedly drive more sales.
It’s also a great year to invest in your existing home. A lot of people will take advantage of low rates to build equity and improve their living space. Listen, we don’t want admit it, but pandemics may be a part of American life now. Many Americans are surveying their homes with a far more critical eye. Adding a gym, an office, or even a home theater suddenly feels like a savvy move.
If you’re ready to refinance and cut your mortgage payment, or buy a new home, call me today.
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