Before we get into the nitty gritty about the Fed rate hikes, I first wanted to share with you a quick storybook about an amazing property our team just listed in Draper.
This is a fantastic lot located within steps of the Lupine Trail, which is part of over 40 miles of nearby hiking trails.
It’s part of an HOA that includes INCREDIBLE amenities such as a swimming pool with hired lifeguards, lazy river, water slide, kids fountain, basketball and tennis court, grill area, fire pit, clubhouse, and more!
This lot is one of the very last options available in this subdivision to build someone’s dream home. The breathtaking and unobstructed mountain views behind you will never go away.
Click here to view the storybook and property information.
If you know of anyone looking to build a new home, please forward this email to them.
Now, to facts about the Fed rate hikes. You may have seen that the Feds raised the rate again by 0.25%.
This rate hike did NOT change mortgage rates. In fact, mortgage rates improved that very day.
I know it can be confusing, but mortgage rates are actually as low as they’ve been in a month right now.
A 30-year fixed conventional rate starts at around 6.0% and a 30-year fixed FHA rate starts at around 5.5%.
Click here for an article that explains this in more detail.
Bottom line, if you’ve been on the fence about making a move, now is the time. With the spring weather and better interest rates, we’ve started to experience multiple offers again.
As you know, with supply and demand multiple offers mean higher sales prices. The sooner you buy, the more favorable your price.
The economists still maintain that Utah’s inventory is low. There is no bubble and prices are not going to dramatically fall.
If you have any questions about the market, please call or text me. I’m never too busy to help you and your referrals.
Thank you and Have a Heavenly Day!®
Angelina Feichko, Principal Broker, ABR®, ASP, CDPE, CHMS, CNE, CRS, DRS™, GRI, SRS
Bachelor Degree, Business Administration/Marketing
Sold By An Angel Real Estate®
Oh by the way…If you know of anyone who would appreciate the level of service we provide, please call me with their name and telephone number and we’ll be happy to follow up and take great care of them!