Mortgage Rates and Home Prices June 3, 2021

Home prices continue to go higher while inventory remains low and new home construction cannot happen fast enough.  Builders can’t keep up with demand.  There are many potential home buyers who would like to take advantage of low mortgage rates, but competition among buyers is strong. Even offering more than the asking price is often not enough to “win” the house.  For homeowners however, continued low mortgage rates make refinancing an option worth considering.  If you haven’t refinanced yet, you should call me!