This report includes single family homes that are waterfront and off water homes around Lake Keowee. The Median Price of a home is up 5.9% at $659,000.The number of homes for sale sits at
Interest Rates Hit New 12 Month Low
Dated: February 27 2019
Views: 94
Interest Rates Hit New 12 Month Low!
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!
Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.
Freddie Mac’s Chief Economist, Sam Khater, had this to say:
“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.
Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”
Bottom Line
If you plan on buying a home this spring, meet with a local real estate professional who can help prepare you for today’s market before rates increase!
Eric S. Stegall
Thank you for stopping by my site. I'm happy to help with your discovery of the Seneca/Lake Keowee area of South Carolina. I grew up in Seneca, graduating from Seneca High School in 1988. I moved back....
Latest Blog Posts
This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.
eXp Realty has over 80 hours of training each week and provides the agent the tools needed to generate their own leads. In the example below the agent is actually not on a 70/30 split but
This report covers residential properties on and around Lake Keowee. These properties include single family, townhomes and condos on and off water. This report is year over year/month over month.
© 2022 The data relating to real estate for sale on this web site comes in part from the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Lisitngs Services of South Carolina, Inc. This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information.
