Two Factors That Affect Home Buying

Two Factors That Affect Home Buying

The unemployment rate and mortgage Interest rates are two of the most important factors in home buying. When unemployment rates are low consumers are working and can afford homes. Consumers feel better when more people are working. That “better” feeling makes them more likely to buy. The unemployment rate for Fresno County was 9.5% in September, the lowest since September 2008. While this is higher that the national numbers it is a good sign for the local economy. Mortgage rates continue to rest at historic lows. Interest rates are hovering around 4% for a 30 fixed rate loan. These two factors are good signs for potential buyers and sellers. To learn more contact your lender or our office.

Jennifer Martin BRE#00948442_01864461 Headshot
Phone: 559-259-8153
Dated: November 17th 2014
Views: 394
About Jennifer: I’m Jennifer Martin, the Operating Principal and Broker of Keller Williams Westland Realty. For mo...

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