St. Louis Real Estate Blog

2017 Spring Interest Update!

March 21st, 2017 4:20 PM by Mary Ellen Hornung

Since it's the officially the first day of Spring (and beautiful outside), we wanted to reach out to give you a quick real estate market update. 

 

Interest rates have risen from the record lows we saw before the election but they are still viewed as historically low as most 30 year conventional loan programs are offering rates in the lower 4's.  The housing market itself is quite frankly on fire...home values are up, days on market are down by nearly 45%, and the housing inventory is down by 11% from this time last year.  With unemployment at a record low and the stock market at a record high, we expect it to be a very robust real estate market for the rest of 2017!

 

If you or someone you know is looking to buy, sell, or refinance... Feel free to contact our loan officer for more information about these rising interest rates we'd love to make sure they get the service, price, and advice they deserve.

 

Ashly Moore

Loan Officer with Supreme Lending

Cell 636-236-23333

Posted by Mary Ellen Hornung on March 21st, 2017 4:20 PM

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