Opportunities exist is current real estate market

As the summer draws near there are more buyers coming out to look for homes. The inventory levels are still at a very high level and this means there are plenty of opportunities to find the right home for you.

Interest rates are still at very low levels with a 30 year conforming fixed rate mortgage averaging about 5.875%! When this is combined with the high inventory levels for homes the buyers are in a perfect position to take advantage this season. It has not been this much in favor of buyers in a long time. For those with a lot of equity in their homes they could consider refinancing to use this equity for a down payment on an investment property.

Anytime is a good time to buy a home for a primary residence if you plan to keep it at least 5 years and with the current market conditions those buyers could score big once the market turns.

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