Low mortgage rates are making St. Simons real estateÂ even more attractive these days.
As we sit here and write this blog post, USA Today is reporting that the average, long-term, fixed mortgage rate across the nation is 3.75%. Adjustable-rate mortgages are 2.96% and one-year ARMs are 2.44%.
Of course we can’t forget that Fannie Mae, Freddie Mac and FHA financing recent changes are motivating home buyers too.
So itâ€™s no wonder that people are now rushing to buy beautiful homes on St. Simons before those interest rates creep up and inventory goes down.
To take advantage of the market, weâ€™d recommend dusting off those credit reports and taking a look at credit scores. In general, people with a 740 score or better should have no problems finding lenders willing to offer great rates and preapproval. First yearâ€™s home insurance policies should be easy to obtain as well. As for finding that dream piece of St. Simons real estate, our DeLoach Sothebyâ€™s International Realty agents can certainly help with that.
We’ve got St. Simons real estate for sale all across the island, including:
Dunbar Creek Point, Hawkins Island Circle, Harris Lane, Hawkins Island Drive, Hampton Point Drive, Darien Circle and Black Banks. Consequently, locating a home with the right amenities, square footage and price point will be as easy as finding a shell on one of the Golden Islesâ€™ renowned beaches. And by the way, some areas in Coastal Georgia are zoned highway commercial and resort residential.Â Therefore, opening up a small business on St. Simons Island before those interest rates go up is a distinct possibility too.
Can anyone say seaside bed and breakfast?
To set up a time to meet or find out where the open houses are taking place this weekend, please contactÂ our St. Simons real estate agents today.