Mortgage rates surged to their highest level since 2008 after the Fed’s rate hike. According to Freddie Mac, the 30-year fixed mortgage rate rose to 5.78% from 5.23% the previous week. In addition to increasing the amount buyers will pay to borrow for their mortgage, higher interest rates lower their purchasing power.
Category: Real Estate
Increase the appeal and value of your property by planting some of the trees identified in the graphic below.
To our clients in Esplanade. They are in contract to sell their home.
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Should You DIY?
Some projects are better left to the professionals for safety reasons. Good examples are in the infographic below.
The single-family home market in Manatee didn’t turn as much as Sarasota did in April. That said, there will be even more movement towards buyers in May. We still have a long way to go towards market balance, but there is more hope for buyers now than there has been in quite some time.