The new year is here, but the story on mortgage interest rates is a familiar one! As we pass through the first full week of January, Freddie Mac reported that average 30-year fixed mortgage rates have dipped to a jaw dropping 2.65%, nearly a full percent lower than this time last year. With the shortage of available home inventory, many buyers jumping into the housing market hoping to take advantage of the low rates are finding fewer homes to choose from and prices that aren't dropping.
So what is the future of real estate with so many Gen X and Millennial buyers entering the market? Check out this article shared by FloridaRealtors.org and get the scoop!