Highlands real estate rejoice, jumbo loans are inducing life into second home markets. Last week I reported that rates for jumbo loans had dropped below those for conforming loans for the first time in recorded history. This week reports noted that low jumbo rates are in fact increasing luxury home sales and boosting sales of vacation homes. All of this is great news for Highlands NC real estate.
The Highlands real estate market is home to a number of exceptional vacation properties. Financing many of these homes requires a jumbo loan and the low rates of these loans have created more interest in these homes. Low rates equate to great savings but they also enable cash buyers to consider tying up less of their money, money that may be invested elsewhere.
Contact me, Lynn Kimball, today to learn more about current market conditions or to start your Highlands real estate search. Let my knowledge and experience work to your benefit and help you get to know the Highlands area while gaining access to all homes currently listed for sale.
Click here to read “Jumbo mortgage rush: Why the rich are buying” from CNBC.