Mortgage
Key points to consider before purchasing a new home
– Spring is prime home-buying time in 2024
– Interest rates for a 30-year mortgage are in the mid 6%
– Home prices are more of a barrier to potential buyers than interest rates
– Market conditions classified as seller’s market for lower price ranges, buyer’s market for higher price ranges
– Builders offering incentives for new home construction
– Importance of prequalification or preapproval when buying a home
– Research must-haves in a home and optimize credit worthiness
– Seek professional guidance from local mortgage advisors at CommunityAmerica
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