Today the average interest rates for a 30 year fixed rate mortgage fell below 4%! For anyone who is on the fence about purchasing a home, this should be a huge incentive to get off that fence and buy!
As everyone knows the prices of homes have fallen. In many cases the prices are back to levels that we had in about 2000!
Both of these factors are definetly in a buyer’s favor and coupled with it being fall, (and winter around the corner), the buyer’s certainly have good reason to buy.
Fortunately for sellers the inventory of homes for sale in Hutchinson, MN continue to decrease which has helped to stabilized prices.