Fading Inflation Great News for Buyers in All Markets
When the government wants us to spend, they make it easy. With interest rates at historic lows, the time is right to not only refinance a mortgage, but a new home, get a new car and more, but savings accounts are looking pretty grim. With the average yield on savings accounts nationwide at less than 1% APY (and checking is dismal at 0.57% nationally), we’re looking at the interest being a zero-sum game after those taxable dividends.
It’s no wonder that it’s a great time to go out an buy whatever’s on the books. Low interest rates on auto loans (between 3-5%), low mortgage rates (under 5%) and low savings rates mean that the most prudent decision you may make is to put your money to work in a major asset instead of buckling it down in the banks.
While you’re out shopping for that next great thing in your life, catch a glimpse of the local events calendar before you leave the house. We keep it updates so you know where to go and when and there’s quite a bit on the books for the rest of May!
Happy shopping, stay cool and we’ll see you next week!
The Staff at San Juan Realty, Inc.
Tags: interest rates, mortgage
