According to the National Association of Realtors, pending home sales have edged up in September, due in part to lower mortgage rates. The housing market continues to show strength. Grab your opportunity today!
Pending home sales rise 1.5% in September, thanks to lower mortgage rates
"Lower mortgage rates throughout the summer helped boost pending sales, although rates did start to rise again slightly in September. The average rate on the 30-year fixed fell below 4% in June and has hovered between 3.5 and 4% since then. 'Even though home prices are rising faster than incomes, national buying power has increased by 6% because of better interest rates,' said Lawrence Yun, chief economist for the Realtors. 'Furthermore, we’ve seen increased foot traffic as more buyers are evidently eagerly searching to become homeowners.'"