Housing Trends You Need to Know Now
Financial Considerations and Opportunities
Interest rates have a profound impact on housing affordability, and current rates remain relatively low, providing a window of opportunity for buyers to secure favorable mortgage terms. According to Freddie Mac, the average 30-year fixed mortgage rate is hovering around 3%, making it an attractive time to lock in a mortgage2.
Additionally, first-time homebuyer programs and incentives are available to ease the financial burden of purchasing a home. These programs often offer down payment assistance, reduced interest rates, or tax credits, which can make homeownership more accessible for those who qualify.