Last year was a tough one if you were in the market for a new home. Interest rates peaked at 5.08% and we only expected them to get higher this year. Some economists even predicted rates as high as 5.5%.
However, the chart took an unexpected turn and dipped more than a point in the first half of this year to land at 3.683 on a conventional 30-year fixed rate mortgage as we write this today.
Interest rate is not the only consideration when shopping for a new home, but the opportunity to shave one or even 1.5 percent off the total cost of your home is pretty attractive. For some quick math, if you put a 10% down payment on a $365,000 home, you are essentially saving $3,252 a year and more than 97,000 over the 30-year fixed rate home loan compared the highs we saw last year.
Savings like that may even allow you to shop for a bigger house or add a few options that were out of reach before.
In the mood to look at houses? Good, we’ve got a few ready.
Our goal with Symphony Farms is to raise the bar for Lifestyle Living in Gardner. This community will blend comfort and convenience with resort-style amenities that keep you near the schools and rapidly-growing downtown.
The Blaine model home at 16247 Kill Creek Rd. is the latest to come on the market and is quickly becoming a staff favorite.
This two-story single-family home has four bedrooms, 3 1/2 bathrooms and a ton of custom features sprinkled throughout. The kitchen backsplash and large living room that opens to the second-floor loft are stunning.
The Austin at 16277 Kill Creek Rd. goes the opposite way with a finished basement and walk-out patio. This home has 2,371 square feet of total living space with three bedrooms and three bathrooms.
The front bedroom has its own bathroom and a walk-in closet making a perfect flex room that could be used as a guest room, mother-in-law suite or office.
There are a few more available homes on the site to tour and a new phase breaking ground this month, so stay tuned for more updates here in our blog or contact us to hear more about this growing community. Have a home to sell…No problem. We take contingencies and can work with you to make your dream a reality.