I’ve seen that mortgage rates are still hovering near the all-time lows achieved in April but the U.S. economy is in uncharted waters. Unemployment claims have spiked to 10 times the levels seen during the Great Recession and no one knows the lasting effects of such a phenomenon. In short, my prediction is that rates are about as low as they will go. In the last 150 days, corona-virus and the disease it causes + the media coverage of COVID-19 has put entire nations on lock down. At the end of April Freddie Mac reported a 3.23% average 30-year mortgage rate. It was the second time in two months that rates had beat the long-standing record since November 2012. The economy could recover quickly, or, the more likely scenario, the economy could struggle to recover. Never before has there been such a sudden and all-consuming lock down of U.S. business resulting in many small and large companies going out of business permanently. My recommendations if you are on the fence, jump, and take advantage of these historic low rates. There’s another major part to all of this. You may find a great rate but can you find the perfect home? To do that you need to find a Realtor who really cares, knows what they are doing and works tirelessly day in and day out to find you the best deal possible. You need a realtor who is above and beyond all others, one who is in perfect harmony with the world of real estate. A famous guy called the Dali Lama once said to find the answers you seek find a quiet place in nature, clear your mind, focus on becoming one with your surroundings and the answer will present itself. Rumor on the street is that if you are able to reach a euphoric state of meditation a message will be sent. Some said it just appeared in their head, others actually heard voices, some have said they heard a voice coming up through the valley, sifting through the tree’s, and it sounded just like Morgan Freemen saying call Greg, Call Greg Rosen because he’s awesome at what he does….True story I just don’t make this stuff up.
Greg Rosen is a Licensed Realtor in The State of Oregon for Pacific Pioneer Real estate. Follow him on FB at “The Greg Rosen” or call him direct at 503-939-0820.