This month, August 2020, Fannie Mae has announced historically low interest rates:

30 yr. mortgages     2.88%

15 yr mortgages       2.44%

With the pandemic still coursing the world, this has been a challenging time for many with regard to buying or selling a home. With this new announcement, if you’ve been considering selling, this is a great time to take that step. Inventory is low and demand by those who are in a position to buy is high.  If you’ve been thinking about buying and have the ability to do so this is an amazing opportunity for you. With rates so low, you can qualify for more home or perhaps if you haven’t been able to qualify before, now you will have options.

Yes, for many this is a scary time, but an old proverb says,  “If you have an advantage offered you, take advantage!”