New Smyrna Beach homebuyers have seen inventory shrink, prices rise and mortgage rates go up this year. As we reported back in January, when rates were still in the mid 3’s, mortgage interest rates were projected to exceed 4% in 2013 and end up in the mid 4’s. Currently rates are around 4.25%. In 2014 analysts believe we will see rates reach 5% or more.
As the New Smyrna Beach housing market continues to recover, home prices are going rise. If you’ve been thinking about buying a home in NSB, you need to get moving.
New Smyrna Beach Homebuyers First Steps to Home Ownership:
- Get Pre-qualified for a Mortgage
- Get Your Finances Together
- Get connected with a real estate team who will help guide you down the path to homeownership.