Mortgage interest rates have trended downward over the past 30 days, leading to potential savings for new borrowers of approximately $19 per month for every $100,000 borrowed. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages stands at 6.49%, down from 6.77% a month ago. However, forecasts for future interest rate changes remain mixed.
The main reasons to own your home are timeless. The infographic below from Florida Realtors lays out some of the most important ones.
The infographic from Florida Realtors, below, explains some of the main reasons to use a buyer’s agent for your next home purchase.
The market in Manatee County appears to have settled in at a relatively balanced place for now. Although there is still less than 4 months of inventory available, it is more than double what we had a year ago. Buyers and sellers are both in a position to negotiate to get balanced deals in today’s market. I tend to like these markets as real estate professionals can truly make a difference for their clients for both home buyers and home sellers. The infographic from Florida Realtors below has more detail on the market through June.
It looks like we have an upcoming item on the ballot that can impact our property taxes. Florida Realtors has put together the infographic below to help us understand it.
