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Before you enter the real estate market here in Brainerd, I'd like to arm you with some good information in order for you to make better decisions when you're buying or selling.
Overall we're seeing a seller's market right now, but we're also starting to see some new listings hit the marketplace. Interest rates have remained low (4%-4.25%), but there is a bit of worry that in September there will be a rate hike. It's expected to be a gradual increase, which is helpful for buyers who are still unsure about purchasing a home.
If you are unsure of whether to buy a home this summer, I would highly recommend it because interest rates really cannot get any lower. You have the opportunity to save thousands of dollars in interest by locking in a low rate now.
Please contact me if you need any assistance with real estate in Brainerd!
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