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Home Affordability in a Seller’s Market

Home Affordability in a Seller’s Market

Posted On: April 10, 2019 by Park Bank in: Home Loans

After experiencing the highest mortgages rates we had seen in almost a decade last year, 2019 is bringing some welcome relief to homebuyers. The Federal Reserve’s fears over rising rates are calming. While there may not may any reductions to the Fed rate in 2019, there likely won’t be any increases either. That said, if you are thinking about buying, but are concerned about the ongoing seller’s market, fear not. With rates dropping and the ability to put as little as 3% down, home affordability is actually improving. How to “Win” Your Dream Home Having a defined strategy for finding – and winning – your dream home will be a differentiator in this highly competitive market, and means partnering with a bank that knows how to get your offer on the top of the pile. These days, sellers demand that serious buyers come to the bargaining table fully prepared. Your Realtor may suggest you include a personal letter telling your story –