If you haven't already heard, the Federal Reserve just cut interest rates by a half a percentage point which is the biggest one time cut since the 2008 recession. The reason for this cut is because of the crashing stock market from the Coronavirus scare that has swept across the globe. So if you are looking to buy, and plan on taking advantage of these record low rates, you can thank our newest pandemic. Conversely, if your looking to sell, I would say you should strike while the irons hot because Humboldt is in the unique situation of having extremely low inventory so sellers are getting the price they want. If you already own your house, now would be the time to call your lender to discuss your refinancing options because chances are that the rates wont remain this low for long. If your unsure what all of this information means I would love to explain it in further detail so please feel free to contact me at anytime!
