JULY REAL ESTATE TRENDING REPORT
The typical rate on a 30-year fixed mortgage dove below 3.5% for the first time this week according to Freddie Mac figures. This record low in rates has encouraged refinancing, but has done little to improve housing sales.
According to CNN Money in a report released on Tuesday, home prices hit bottom and are finally bouncing back. Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter.
My advice is to buy a home if you can afford a 20% down payment and get a 15 year mortgage (if possible). This could be the best investment you ever made.
SHARE THIS INFORMATION WITH A FRIEND! Maybe create a partnership and rent out the home.
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