05/29/2024
Many Americans are sitting on low-interest mortgages and could face a decision when it is time to move: sell or rent!
That choice could be tricky, especially for those eager to buy another home.
Roughly 6 in 10 existing fixed-rate U.S. mortgage holders had an interest rate below 4% during the fourth quarter of 2023, according to the latest figures from the Federal Housing Finance Agency. By comparison, the average 30-year fixed-rate mortgage was around 7% in May.
https://mailchi.mp/eae645e07e0f/sell-or-rent-out-your-property