If there was any lingering uncertainty over whether now is a good time to buy a house, it may be squashed after the release of several favorable housing reports over the last several weeks.
According to an early May Freddie Mac Primary Mortgage Market Survey, U.S. home mortgage rates continue to decline. Perhaps most importantly, the rate on a 30-year fixed mortgage is at the lowest level this year.
A recent report from Fannie Mae revealed that most Americans are indeed feeling optimistic about the housing market. In the April 2014 National Housing Survey, the portion of respondents who said they think now is a good time to sell a house rose to an all-time high of 42%. If more people are thinking of selling their homes this spring, that would be great news for buyers. The larger the housing inventory, the more pull buyers have.
Your Academy Loan Officer can help you take advantage of these favorable conditions for purchasing a home. With Academy's broad portfolio of residential mortgage products to choose from, he or she can customize a solution for you to best meet your lending needs.
Today is the day to make your dream home come true.