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Family moving into new home.

04 January . 2021

Mortgage Rates Hit Historic Lows

An historic dip in mortgage rates may help give home buyers a leg up in a competitive real estate market. According to a recent article in Forbes, fears over the coronavirus outbreak and its economic impact have sparked the most dramatic stock market since the 2008. But as the market levels, there is a silver lining for potential homebuyers: Mortgage rates have been driven down to near all-time lows.

This dramatic drop presents a prime opportunity for buyers looking for a home in Reed’s Crossing. Our new, never-lived-in homes give you extra peace of mind (and who doesn’t need that right now?). Plus, they’re affordable. You can snag a townhome starting in the mid $300s or single family home from $500s — while they last. Oh, and did we say that some are even ready now?

Here’s the second bit of good news. The builders at Reed’s Crossing are ready to help with a personalized approach to pricing. Together, you’ll explore the range of homes and financing options, then create a package that makes the most sense for you. Of course, you’ll also take advantage of current low interest rates, saving you tens of thousands of dollars over the life of your loan.

“These low mortgage rates, combined with strengthening homebuilder confidence and an increase in the level of housing permits, are expected to translate into stronger housing starts and increased home sales for the remainder of the year and into 2021,” says Sam Khater, chief economist for Freddie Mac. Is it time to make your move???

Lower mortgage rates put money in the pockets of prospective buyers and affords you more home for your money. Want to learn more? Visit any of our builders and tour eleven model homes today!