Time to refinance or sell your house

 According to the National Association of Home Builders, Massachusetts is one of the states with the lowest number of Vulnerable Industries and of High Unemployment-Risk Renters. The housing market here should rebound quickly as more people remain employed and are able to leave rentals and buy homes.

According to data from the Mortgage Bankers Association regarding purchases, “…applications have risen every week since April 17 and have improved over that period by an aggregate of 46 percentage points.”

Rates are at all-time lows, and home prices are holding steady. If you are thinking of selling your home or refinance mortgage rates, now is a great time to list it. The market is competitive with serious buyers prepared to purchase in our inventory starved market place.

What to do once you sell? If you are thinking of living in a new location, or unsure where to go next, test drive a new community by renting before you commit. The rental market is one area where there may be plenty of room to negotiate.

If you are interested in discussing a refinance of your existing mortgage, please give us a call.

If you have questions about forbearance, please consult this guide from the Consumer Financial Protection Bureau.

All the best to you as we head into summer- Know Fairway Mortgage Reviews!

Source: https://www.fairway-newengland.com/blogs/time-to-refinance-or-sell

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