A Guide by Jen Lillie, Realtor with Century 21 Circle in South Bend, Indiana
Are you in the market for a new home or looking to refinance your existing mortgage? As a trusted real estate professional with Century 21 Circle in South Bend, Indiana, I’m here to provide you with the latest home mortgage rates and trends.
Mortgage Rates: The current average 30-year fixed mortgage rate is hovering around 3% – an all-time low. This is great news for anyone in the market for a new home or looking to refinance their existing mortgage. With such low rates, it’s an excellent opportunity to lock in a low rate for the long term and potentially save thousands of dollars over the life of your mortgage.
Adjustable-Rate Mortgages: In addition to the current low rates, we also see a trend toward adjustable-rate mortgages or ARMs. ARMs offer lower initial rates that can adjust after a set period of time, typically 5, 7, or 10 years. ARMs can be a good option for those who don’t plan to stay home for more than a few years and want to take advantage of lower rates while in the property.
The Housing Market: With low mortgage rates and a growing economy, demand for homes continues to increase, putting upward pressure on home prices. In many areas, including South Bend, Indiana, we see multiple offers on properties and bidding wars driving higher prices. This is great news for anyone looking to sell their home, but it can be challenging for buyers to compete against each other for the same properties.
As your trusted real estate professional, I’m here to guide you through buying or refinancing a home. I deeply understand the South Bend housing market and the latest mortgage trends, and I’m here to help you make the best decisions for your circumstances. Whether you’re a first-time home buyer, a seasoned real estate investor, or anywhere in between, I’m here to help you navigate the process and find the right mortgage solution for your needs.
In conclusion, the current housing market offers great opportunities for buyers and sellers. With low mortgage rates and a strong housing market, now is a great time to move. If you’re considering buying or refinancing a home in South Bend or the surrounding areas, please contact me for personalized guidance and support.
Contact me today to schedule a consultation and learn more about home mortgage rates and trends. I’m here to help you find your dream home and realize your real estate goals.
Unlock the full potential of the South Bend, Indiana, real estate market with the expert guidance of Jennifer Lillie, a highly respected REALTOR® at Century21 Circle. With her unparalleled expertise and deep understanding of the local market, Jennifer is the ideal partner to help you navigate this exciting landscape. Don’t let the opportunity to work with the best slip away! Connect with Jennifer now by calling 574-286-9667 or emailing her at jen@jenlillie.com and take the first step towards achieving your real estate goals.