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Two Reasons Why It May Be a Good Time to Buy a House in the Lehigh Valley Right Now

Today's real estate market could be classified as "tricky". However, there may be a few benefits to purchasing a home during this time.

I have two reasons why it may be a good time to buy a house in the Lehigh Valley right now!

1. Low Interest Rates: An average 30-year fixed mortgage rate in April was under 3.5 percent, one of the lowest since 1971. Depending on your credit score and if you're in a secure position, this rate may be too attractive to pass up.

2. Lower Competition: According to Consumer Reports, mortgage applications have declined by as much as 35 percent since the first week of March 2020. This means that they are likely less buyers for you to compete against. This means you may be able to get a house that you wouldn't have with more competition.

Get in touch with me, Cheryl Smith, at 610-849-2737 to start your home search today.

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