June has been proclaimed as the National Homeownership Month! This month is dedicated to raising awareness about the incredible benefits of owning a home and the importance of making homeownership more attainable for all. Whether you're a first-time buyer or looking to upgrade, now is a great time to explore your options.
The Benefits of Homeownership
Owning a home is more than just having a place to live. It's an investment in your future and your community. Homeownership provides stability, financial growth, and a sense of pride and accomplishment. It's an opportunity to build equity, take advantage of tax benefits, and have a space you can call your own.
Making Homeownership Attainable
At The Agency Northwest Florida Beaches, we understand the challenges that many face when trying to achieve homeownership. That's why we're committed to helping you navigate the journey with ease. From finding the perfect home to securing financing, our team is here to support you every step of the way.
Mortgage Rates: A Silver Lining
Great news for prospective homeowners! Mortgage rates have cooled slightly, now averaging 6.95%, according to Freddie Mac. This is a return to averages typical of a year ago, providing a more favorable environment for buyers.
“Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” says Sam Khater, Freddie Mac’s chief economist. This dip in rates could mean lower monthly payments and more buying power for you.
Freddie Mac reports the following national averages for mortgage rates for the week ending June 13:
- 30-year fixed-rate mortgages: averaged 6.95%, dropping from last week’s 6.99% average. A year ago, 30-year rates averaged 6.69%.
- 15-year fixed-rate mortgages: averaged 6.17%, falling from last week’s 6.29% average. Last year at this time, 15-year rates averaged 6.10%.
Why Now is a Good Time to Buy
With mortgage rates stabilizing and the market offering more options, now is an excellent time to consider purchasing a home. Take advantage of this opportunity to secure a great deal and start enjoying the many benefits of homeownership.
Your Homeownership Journey Starts Here
Ready to take the next step? Contact The Agency Northwest Florida Beaches today. Our experienced agents are ready to help you find your dream home and guide you through the entire process. Let's celebrate National Homeownership Month by making your homeownership dreams a reality!
