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Posted on Sep 14, 2020

Community Mortgage

If you’ve been thinking about buying a home, this may be the perfect time to move.Consider that today’s mortgage rates are at the lowest point in history. Although we’ve maneuvered some unprecedented times economically, the upside for home buyers is the availability of historically low rates. And this can make home buying more affordable for those who are able to qualify.Buyers and sellers alike have started to take notice. Spring had us in lockdown with many real estate professionals only showing homes virtually and some sellers simply taking their homes off the market. But June saw us slowly opening up again to showings, with sellers more willing to take the chance of listing their homes again.

As for interest rates, economists are expecting our record lows to continue into 2021. And this is good news for people who are looking to buy a home right now.If you’ve been considering a new home, your best bet is to get prequalified to understand exactly what type of mortgage you are qualified for and what your budget for buying a home should be. Working with a licensed mortgage broker is one of the best ways to choose from a range of lenders and mortgage types to understand where you fit.
Rates are great! They are a silver lining in these unusual times. It may be the perfect time for you to buy that new home.

Community Mortgage
814 Morena Blvd #310
San Diego, CA 92110
(619) 692-3630

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