When Lenders Start Calling
The other day, a long time lender buddy of mine called. He told me interest rates were fabulous and pointed out I may even want to refinance my personal residence. That got my attention. Home mortgage interest rates surprising all with how darn low they are right now.
For Boulder home buyers -now is a great moment to lock in a low rate and pull the trigger on your purchase. For Boulder home sellers, its good news: buyers can afford more home with low rates and this will help keep moving the housing market forward in 2019.
Kudos to Ian for sending along this handy graph outlining today’s mortgage rates. Low rates are a boon to everyone in the Boulder real estate market.
Days On Market Lengthen
Home inventory is on the rise in Boulder County. Days on market is lengthening. This supports the premise that the Sellers Market is slowing down in the area. I have a listing that is well priced and getting showings, but as you can see from this graph is not quite there – lots of interest, but no saved searches.
To overcome the sluggish response to the property, we have undertaken some remodeling. The new pictures should really impress home buyers. The house – 131 S Madison – is a great property. The owners just made a number of improvements including new appliances, wood floors, quartz counters, a tile backsplash, new fixtures, new lights. Its going to pop. Here is the MLS feed for the house.
I’m going to start a newsletter in addition to my blog. Getting pretty excited about the concept and of course open to your suggestions for content, publishing rate and insights. Thanks. Keep checking back for updated blog posts and please leave a comment on any post, any time. ~ Bob