When it comes to Baton Rouge real estate the proof is in the pudding, clearly today’s low rates are attracting buyers. News released this week secured a continuing trend of increasing Baton Rouge homes sales, up 25% in the month of May and 20% for the year. While Baton Rouge homes have been selling, mortgage rates have continued to drop, indicating that buyers are taking advantage of today’s low rates.
This past week rates hit historic lows once again, with the average rate for a 30 year fixed rate loan being 3.66%. A 15 year fixed rate mortgage is averaging 2.95%. These incredibly low rates can save buyers of Baton Rouge real estate a great deal of money over the lifetime of a loan and clearly have investors swooping in to take advantage.
Another report this week noted that real estate sales around the nation were much lower than expected in May, in fact a decrease from a year ago. Clearly Baton Rouge real estate is bucking the trend when sales are up dramatically compared with a year ago, demonstrating a stronger economy and an increase in demand. Contact us today for up to date market conditions and let us help you take advantage of today’s low rates.
Click here to read “30-Year Fixed-Rate Mortgage Averages 3.66 Percent” from Realty Times.
Call Glenda Daughety and her Team today, (225)-205-2672, for the best in Baton Rouge Real Estate knowledge and service!