Barbara discusses the outlook for the real estate market and why she believes prices will ‘go through the roof’ if interest rates drop. Corcoran also advises that if you want to buy a house, the time is “right now.” As people wait for rates to fall before entering the market, she warns that the optimal time will see “everybody in the market,” and she questions, “Why would you wait for that?”
Click Read More below for two great Barbara Corcoran videos.
AUGUST 23, 2023 The current average interest rate for the benchmark 30-year fixed mortgage is 7.61%, rising 6 basis points compared to this time last year. If you’re looking to refinance your current loan, the national 30-year refinance interest rate is 7.83%, rising 12 basis points compared to this time last week. With interest rates on the rise, it’s important to shop around for mortgage offers before committing to a loan.
Click Read More below for videos and more Mortgage Rate Information.
Barbara Corcoran was on Good Morning America today and offered her take on the current real estate market. All real estate is local and her take on the market this morning was more reflective of what is happening nationally.
For more information and the video click “Read More” below.
