If you’re even thinking about buying or selling a home in the Laguna Niguel real estate market, chances are you’ve heard the latest news about interest rates. Earlier this week the Federal Reserve decided to cut interest rates by an astounding .75 points. That’s a huge cut, and there it’s been nearly 30 years since a cut like this has happened.
So why is this important for a buyer or seller? Well basically a lower interest rate means that mortgage prices will go down and buyers will be able to more easily afford to purchase a home.
This is great news for sellers too, since more buyers means you have a better chance of selling your home. If you have been thinking about selling your Laguna Niguel home, now is a great time to get it listed. Buyers that want to take advantage of these low interest rates are already entering the market and it’s a great time to have your house ready to sell.
So no matter if you’re a buyer or seller, now is the time to make your move. Call your Laguna Niguel realtor today or shoot me an email at Hugh@HughKice.com and I’ll help you get ready to buy or sell!
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