Rates are up, prices are down, time to get off the fence
Many prospective homebuyers have found themselves on the fence about buying a new home, and with the state of the market over the last two years, who can blame them? However, rates are rising, prices are dropping and it’s time to get off the fence. The rise from the historically low mortgage rates of 2022 to an average of 7.32% for a 30-year loan may feel like a deterrent to some new-home shoppers. However, it’s important to remember that an increase in interest rates typically
means a decrease in prices, and experts urge potential buyers to strike while the iron is hot. Though the market is cooling a bit due to this recent rise in rates, experts warn that it won’t last long. This is thanks to a combination of inventory shortages and the Fed’s promise that interest rates will be back down later this year. As inflation begins to regulate, interest rates will follow suit bringing back sky-high prices and a frenzy of new buyers. Which is why this hometown builder is on a mission
to help homebuyers get off the fence and realize their dreams of homeownership. Cash in on low prices now and refi later when rates go down!
Prospective homeowners who are ready to get off the fence and purchase a high-quality home without the wait won’t have to worry about being affected by inventory shortages here in Northern Nevada. Jenuane has a beautiful selection of move-inready homes. Quickdelivery homes allow buyers all the benefits of new construction in a
hurry. Because Jenuane is committed to helping Northern Nevada families realize their dreams of homeownership, they’re offering exclusive savings programs. These programs offer home shoppers who have previously been priced out of the market a second chance at competitive pricing. Buying a new home means your monthly payment won’t rise, and unlike renting, you’ll begin to grow your investment through home equity. In addition to stable monthly payments, a new home means setting
yourself up for long-term investment.
With a reputation for impeccable customer service and a crew that thrives on meeting their client’s needs, Jenuane was voted Reno’s No. 1 homebuilder for two years in a row. To create the most seamless customer experience possible, their team provides its buyers with a personal concierge team, available seven days a week to guide them every step of the way. In partnership with another at-yourservice-team, Guild Mortgage, they are able to allow buyer flexibility in creating a monthly payment that fits their lifestyle and budget. Locking in your rate with Guild guarantees your rate for the term of your loan. However, if rates go down before closing, buyers are entitled to a one-time float down to a lower rate. Guild’s experienced loan officers work with buyers to offer promotional rates on 30-year fixed mortgages, FHA loans and adjustable-rate mortgages like the 5/1 ARM.