Sandra  Canning

Sandra Canning

REALTORĀ®

License #: SL3356390

Florida Capital Realty

Mobile:
561-866-8040
Email Me

Record Low Mortgage Rates - 2.81%

As of today October 15, 2020, mortgage rates have hit another historic low - 2.81%. Yes, banks are literally giving away free money. This is great news for homebuyers. This is not the time to overthink buying. There is no way to know how long this will last. Despite the COVID-19 pandemic the South Florida real estate market is on fire. Days on market are slashed (depending on location and price point) and we are seeing a huge influx of folks relocating from New York and California. There is definitely a method to winning a bidding war and finding the best property.

If you are thinking of selling, sell now to get the highest price. One of the things I pride myself on as a listing agent is high quality visual communications (world class photography, video, staging, etc.). Given that many buyers may never tour the home, it is critical to have a powerful first impression. You also want an agent with a strong online marketing campaign for your home. If you would like a complementary market report, please contact me and I can turn it around in 24 hours. Being a California transplant, I can definitely help with the inside scoop on getting acclimated to South Florida.

Please stay safe and be well.

Cheers!!

SOURCE: https://www.floridarealtors.org/news-media/news-articles/2020/10/30-year-mortgage-rates-hit-another-record-low-281

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