Mortgage rates are trending downward
Mortgage rates are trending downward lately and should even be lower in the days ahead due to the monthly jobs report released this morning as payroll growth was slowing and unemployment hit 5%. Read the full story at MarketWatch.
Lower mortgage rates mean increased affordability for buyers and with very high inventory levels of available homes for sale and lots of motivated sellers (just guessing but more than likely) in the Charleston South Carolina real estate market, the opportunity to buy a home in the Charleston area at significantly below list price right now is very good (and while you can make an advantageous purchase, you really can't steal a home).