March 19, 2020 at 12:35pm | Kelly Fischer

We’re halfway done with March and the spring real estate season is already in full swing. We’re seeing a ton of activity with people trying to take advantage of the market, and the recent changes made by the Federal Reserve are a big reason why.

In the history of the U.S., there have only been three emergency interest rate cuts. The first occurred immediately after 9/11. The second happened during the 2008 financial collapse. The third took place just last week in the wake of the coronavirus pandemic. At the moment, rates for 30-year fixed mortgages have dropped as low as 3%, and rates for 15-year fixed mortgages have dipped down into the 2% to 2.5% range.

If you’re paying attention, now is a great opportunity for wealth building. If you’ve been considering buying an investment property, a second home, or upgrading your current home, now’s the time to do it. We’ll probably never see rates this low again. If you need a good lender who’ll give you an honest evaluation based on your real estate holdings and outline your wealth-building plan, I’d be happy to refer you to some great local professionals.

So take advantage of this market! While everyone else panics and stockpiles supplies, be sensible and look for where the opportunities are. You have the chance to improve your family member's lives and build long-term wealth.

As always, if you have questions about this or any other real estate topic, don’t hesitate to reach out to me. I’m happy to help.


You message has been sent!

Send us a Message

View our Privacy Policy