Good news for the housing market. Yesterday the Fed declined to make any policy changes as to the market. The Fed will continue the stimulus policy for now. Mortgage rates were rocked in a good way. Many lenders reduced rates to the best levels since August 12th.
It may be time for buyers to get off the fence. If you are thinking of buying, it may be time to act. Home prices have increased this spring. With increasing prices and lower (for now) interest rates, it is a good time to buy.
Thinking of selling? With an improvement in the mortgage market, and the continues lack of housing inventory, it is a good time to sell.
Remember, if you are considering either of these options, and are not sure about the current value of your home. Boivin Appraisals, Inc, would be glad to assist.