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The HOP (Home Ownership Podcast) Episode 105: For the last couple of years, it has definitely been a Sellers Market but Village Properties Realtor and host of the HOP (David Charles Allen), feels that the market is becoming a little more balanced. Houses are sitting on the market a little longer and there are more price drops. Interest rates continue to fluctuate.
Currently, 30 year fixed jumbo loans are down to 4.375% and 30 year fixed conforming loans are at 5%. While historically this is still a lot rate, new buyers have to get over the mental hurdle of missing out by not taking action when rates were lower. You can email David at david@davicharlesallen.com or call him at 805-617-9311.