Real estate, a window of opportunity

A window of opportunity

By Diane LaPlace, Northshore LIVING WELL Magazine

The economy is slowly but surely improving, jobless claims are dropping; there is hope in the air. As a potential homeowner, there is a window of opportunity open to you. An opportunity to take advantage of the lowest fixed rate mortgage in over 30 years.

In Freddie Mac’s most recent results of its Primary Mortgage Market Survey, it showed mortgage rates easing to new all-time record lows, helping to keep homebuyer affordability high. The average for the 30-year fixed mortgage rate has been below 4% for six consecutive weeks. WOW!

According to Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, “The substantial gain in the number of improving housing markets shows that more consumers are looking favorably at a home purchase in light of today’s historically low interest rates and attractive prices.”

In Saint Tammany, the price of new construction is at pre-Katrina levels and existing new homes are a great bargain.

If we don’t take advantage of this current opportunity, we may well be kicking ourselves in the future -– when we can no longer afford the home of our dreams because interest rates will be at 8%.

The time to act is NOW. Call me or one of my team members for personalized service, excellent knowledge of the market, and a great deal on your dream home, investment property, or specialty property.

Diane LaPlace is “Your Real Estate Consultant” with Keller Williams Realty Services and may be reached at 985-727-7103 or 985-502-7103.