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What’s up with rates & the real estate market?

Inventory of homes are increasing in our area, we are seeing a lot of price reductions, sellers coming off prices and sellers making concessions.   Great time to buy your dream home! 

I know rates are currently high but read this article in which Fannie Mae is predicting rates to drastically decrease next year!

In summary, it is a great time to find your dream home at a good price with sellers being negotiable and look into temporary rate options and refinance at a later date when rates come down.

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