{"id":4670,"date":"2020-05-12T12:00:55","date_gmt":"2020-05-12T16:00:55","guid":{"rendered":"https:\/\/www.sahomebuilder.com\/\/blog\/?p=4670"},"modified":"2024-07-30T02:00:42","modified_gmt":"2024-07-30T06:00:42","slug":"low-interest-rates-increase-home-sales","status":"publish","type":"post","link":"https:\/\/www.sahomebuilder.com\/blog\/low-interest-rates-increase-home-sales\/","title":{"rendered":"Low Interest Rates Increase Home Sales"},"content":{"rendered":"

\"Low<\/a>As the current crisis continues to change daily, so do mortgage interest rates. While the situation may have the economy on hold, those looking to buy a new home are in luck!<\/p>\n

Mortgage interest rates remain at historic lows meaning that buying power is at an all-time high. For those looking to qualify for a home in their desired price range and get more home for their money, now is the time!<\/p>\n

The Federal Reserve announced back in March that it would be cutting the federal funds rate between 0 and 0.25%. According to Freddie Mac\u2019s<\/a><\/strong> Primary Mortgage Market Survey from March 5, 2020, the 30-year fixed-rate mortgage averaged the lowest rate in the survey\u2019s history which dates back to 1971, nearly 50 years.<\/p>\n

Based on Freddie Mac\u2019s<\/a><\/strong> latest Primary Market Survey report, the average rate for a 30-year-fixed rate mortgage is 3.28%, which is down 0.79% from last year. These rates have continued to remain steady; homebuyers have jumped to the scene with mortgage applications for home purchase increasing for the fourth consecutive week with no signs of slowing down.<\/p>\n

This suggests that there is no need to let coronavirus circumstances halt your search for a new home. Instead, take advantage of these extremely low mortgage interest rates and find the home of your dreams with S&A Homes.<\/p>\n

Throughout this time, S&A Homes remains open for business to continue helping interested homebuyers in their new home search. While in-person tours are currently on hold, homebuyers can still learn about building and buying a new S&A home by setting up a virtual appointment through Zoom or Facetime. Click here<\/strong><\/a> to see the latest policy from S&A Homes including when in-person home tours will resume.<\/p>\n

Our team is available 7 days a week to help you set up a personal, one-on-one, virtual meeting with the respective sales team. During your call, we will be able to demonstrate floor plans, provide virtual walk-throughs and discuss other details regarding the homebuying process.<\/p>\n

To learn more, visit www.SAHomeBuilder.com<\/a><\/strong> or contact S&A Homes here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the current crisis continues to change daily, so do mortgage interest rates. While the situation may have the economy on hold, those…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[4,454],"tags":[334,241],"class_list":["post-4670","post","type-post","status-publish","format-standard","hentry","category-news","category-tips","tag-housing-market","tag-low-interest-rates"],"yoast_head":"\nLow Interest Rates Increase Home Sales - Building Forward<\/title>\n<meta name=\"description\" content=\"Take advantage of low interest rates and increase your home sales with S&A Home Builders. 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