Low Mortgage Rates in the LBI Real Estate Market
Long Beach Island Real Estate
Coronavirus has changed many things in the Long Beach Island real estate market. Low mortgage rates are one of them! Thanks to the US and foreign governments’ economic policy efforts, we see interest rates so low that the money is almost free. This has led to a few changes in the consumer patterns of the typical consumer on Long Beach Island and raised some significant concerns.
- We see fewer cash deals
- Buyers are putting less money down
- The lower interest rates have increased buying power despite higher prices
Low Mortgage Rates in the LBI Real Estate Market
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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