RECENT EVENTS COULD SAVE YOU BIG ON YOUR DREAM HOME

 

We wanted to reach out to you today to share some potentially good news for home buyers in the Kansas City area, thanks to some recent developments in the financial world.

You may have heard about the recent collapse of Silicon Valley Bank and a few other regional banks. While this might seem like a cause for concern, it could actually present a golden opportunity for potential home buyers like you. Let us explain.

A few years ago, banks experienced a surge in deposits due to increased savings and stimulus money. To make the most of this influx, they invested in low-interest treasury bonds and mortgage-backed securities, locking in 1-2% returns for years. Fast forward to today, and the Federal Reserve has significantly raised interest rates, making those previous investments far less attractive.

This series of events has contributed to the banks’ downfall, leading to a rapid drop in interest rates. As a result, mortgage rates have fallen as well, since they typically align with the 10-year treasury. We’re now seeing mortgage rates below 6%—a significant decrease that could save you over $200 a month on the average home in our area!

If you or someone you know has been considering purchasing a home, this recent turn of events could be a once-in-a-lifetime opportunity to save big. Our team at Rural KC is here to help you seize this moment and guide you through the process of finding your dream home while making the most of these favorable financial conditions.

Please don’t hesitate to reach out if you have any questions or need assistance. We’re always here to help and look forward to working with you on your home-buying journey.