Central Vermont Real Estate, Will Rates Stay Low?

by John Biondolillo and Matt Lumsden, BCK Real Estate

Many people wondering whether now is the time to buy Central Vermont real estate may be asking the question will rates stay low, and if so, for how long? Without access to a crystal ball this question is, of course, purely speculative. One thing is for certain, current low rates are great for Central Vermont real estate.

Two weeks ago mortgage rates were below 4% for the second time in recorded history. Last week they came back up and hit 4%. The fact that the government has yet to figure out how to help our economy and make some cuts means that interest rates are most likely not heading up any time soon, which is good for Central Vermont real estate.

Low rates can save home buyers a couple of hundred dollars a month on a home loan, and tens of thousands, if not hundreds of thousands, of dollars over the lifetime of a loan. These savings are adding to affordability levels when it comes to buying Central Vermont real estate in today’s market.

We will not know when rates will go up until the economy has already improved, rates have gone up, and home values have increased as well. The good news with regards to Central Vermont real estate is that it is a buyers market. Contact us today to learn more about buying Central Vermont real estate. We can help you get to know our local market and the lending climate.

BCK Real Estate now has Vermont Realtors in eight real estate offices in Vermont and if you are looking to buy or sell a home in Barre, Montpelier, Northfield, Waterbury, Rochester and Stowe, Vermont. We are your source for Vermont Real Estate. Email us at info@StoweRealty.com.  This blog is provided for informational purposes and not intended to take the place of a licensed real estate professional.

You can also contact our individual offices:

BCK Barre VT   86 North Main Street  Barre, VT 05641   (802)479-3366

BCK Montpelier  15 State Street     Montpelier, VT 05602   (802)229-4242

BCK Northfield    17 East Street  Northfield, VT 05663  (802)485-7400

BCK Waterbury    21 North Main Street  Waterbury, VT 05676  (802)241-2000

BCK Rochester      42 North Main Street  Rochester, VT 05767  (802)767-9900

Stowe Realty/ BCK Real Estate  – 254 Mountain Road, Stowe, VT 05672  (802) 253-8484

Quatrini Real Estate 1111 Main Street St. Johnsbury VT  05819 (802) 748-9543

Susan Martin & Co. Realtors 434 Brooklyn Street Morrisville VT 05661 (802) 888-0088

BCK Real Estate is the home of Vermont Real Estate. Click here for free access to the Vermont MLS. We represent buyers and sellers of Vermont Real Estate, specializing in Montpelier, Barre, Northfield, Rochester, Stowe and Waterbury.

Matt Lumsden is a Central Vermont REALTOR® in the Montpelier office of the BCK Real Estate Company, and can help you with buying and selling Montpelier real estate, as well as any Central Vermont real estate transaction.  Dedicated to their clients, Matt and Renee make every effort to make each Central Vermont real estate transaction as smooth as possible.