I feel like I’ve said this a few times — but history is always in the making. Right now I’m seeing historically low interest rates! As low as 3% — 4% — that is some affordable money!
What does this mean? If interest rates are low — the cost of borrowing money is low — meaning you can borrow more money – IE a larger loan — for the same monthly rate that you did before with a higher rate and a smaller loan. So your purchase power goes UP because the cost of borrowing went down. But don’t wait too long. Interest rates adjust daily and until you’re in contract and have locked your rate — they might as well be birds on a wire.
The market cools each Fall and if the Feds maintain this low interest rate — we’re looking at some great buying opportunities. Right now the San Francisco Peninsula has excess inventory, homes that didn’t sell in the first two weeks are getting lost in the shuffle and as a result — dropping their price to get new eyes in the door.
Don’t wait for a price reduction to get the home you want — just contact The Caton Team and let us work our magic.
Oh – and if you already own a home — it’s time to take a look at your loan and see how much you can save with a refi.
If you need a great lender to chat with — contact The Caton Team and we’ll put you in touch with our amazing team of lenders!
Got Real Estate Questions? The Caton Team is here to help.
We strive to be more than just Realtors – we are also your home resource. If you have any real estate questions, concerns, need a referral or some guidance – we are here for you. Contact us at your convenience – we are but a call, text or click away!
The Caton Team believes, in order to be successful in the San Fransisco | Peninsula | Bay Area | Silicon Valley Real Estate Market we have to think and act differently. We do this by positioning our clients in the strongest light, representing them with the utmost integrity, while strategically maneuvering through negotiations and contracts. Together we make dreams come true. How can The Caton Team help you?
A mother and daughter-in-law team with over 35 years of combined, local Real Estate experience and knowledge – would’t you like The Caton Team to represent you? Let us know how we can be of service. Contact us any time.
Call | Text | Sabrina 650.799.4333 | Susan 650.796.0654
Email | Info@TheCatonTeam.com
The Caton Team – Susan & Sabrina
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