April 21, 2020
1. With sellers anxious about in-home shoppers, many may consider the first bid, or work with buyers in finding financing options.
2. Freddie Mac released 30-year fixed-rate average sank to 3.33%. The 30-year fixed rate has fallen to a record-low 3.29%. The 15-year fixed-rate average dropped to 2.82%. The 5-year adjustable rate average rose to 3.40%.*
3. Marin County has adjusted its building permit and inspection services to reflect restrictions on some types of construction work. Because of this, buyers may find opportunities to purchase unfinished homes or those in mid-remodel at substantial savings.
4. Your Realtor™ may have more inventory to (virtually) show you, and has strategic relationships with mortgage brokers, inspectors and others and therefore may expedite your purchase during this unusual time.
* Excerpted from ‘Mortgage rates tumble as lenders face increasing difficulties’ New York Times, April 3, 2020 https://lnkd.in/gRbiha7
For a quick chat about your options, give me a call. Tracy Curtis, Coldwell Banker Realty
#tracycurtis #marinrealestate #coldwellbankerrealty #home #marincounty