Episode #378 - 8/9/24

Jay Day's Real Estate Podcast

📉 Mortgage Rates Down a Full Percent from Recent High! 🏡✨

Exciting news for homebuyers and those looking to make a move! Mortgage rates have recently dropped a full percentage point from their recent highs, reaching levels we haven't seen since February. 📉🔽

📊 What Does This Mean for You?

If you've been waiting for a better time to buy, now might be your moment! While the record-low rates of the pandemic are behind us, the current rates present a great opportunity. According to Greg McBride from Bankrate, we might not see 3% rates again, but the current trend could be your chance to make a move. 🏠💰

🔍 Why Act Now?

As rates decrease, more buyers will likely jump back into the market, which could lead to increased competition and rising prices. If you're ready, it's a good time to get ahead of the crowd and find your dream home before the competition heats up! 🔥📈

💡 Bottom Line: If you’ve been waiting for the right moment to buy, this could be it. Reach out to a local real estate professional to start your home search today and take advantage of the current rates! 🏠🔑

🌟 House of the Week 🌟

2068 Sumner Dr, Frederick, MD – $410,000

🗓️ Open House:

Saturday 8/10 from 12 PM - 2 PM

Sunday 8/11 from 1 PM - 3 PM

🏡 Well-maintained 3-bedroom, 2.5-bathroom townhouse in Willow Brook community

🌳 Minutes from downtown Frederick & close to Route 15

✨ Hardwood flooring in foyer, kitchen, and half bath

🔥 Family room with gas fireplace

📏 9-foot ceilings

🛠️ Mostly finished basement

🌳 Fenced rear yard with patio

🚗 Two assigned parking spots

🏠 New shingles in 2019, HVAC replaced in 2015, water heater replaced in 2018

Come see all that this beautiful home has to offer!

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