Historic 50-Year Record Low U.S. Mortgage Rates Increase Buyer Purchase Power in DFW
Posted by Kenneth G. Cox on
Home buyers with affordability concerns in Dallas-Ft. Worth, TX and across the U.S. now have one lesson reason to postpone their new home purchase! Low inventory levels around DFW combined with high price points due to recent increases in home value appreciation, have left many buyers with very few home purchase options when searching their ideal price point.
That is all about to change! 50-year historic record low interest rates are unlocking new price points for buyers that now have a little more purchase power with mortgage rates averaging around 3.29% percent. Record low mortgage interest rates are also expected to encourage more buy and sell transactions from home owners hoping to cash in on record rates which will ultimately help solve…
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