On this week's episode of "Open House with Team Reba", Reba and Eric welcome one of their favorite guests, Sean Martin - Executive Director of the Rental Housing Association of Washington. They talk about important topics impacting both investors and tenants, housing rights, affordable housing, new laws, and much more.
First up is Eric's mortgage update. Rates are holding relatively steady. There are signs the economy is going better than we thought, with the builder confidence index at its best in 20 years. That can sometimes make interest rates go up, but we aren't seeing that yet. 30 year conventional fixed-rate is at 3.79%, 15 year conventional fixed at 3.44%, and FHA & VA at 3.41%. Listen in for the full update and details on refinancing.
A lot of people think this time of year is relatively slow for real estate, but that's actually not the case. December is great for people who finally have a little extra time off to make some changes in housing. So if you're thinking of listing, you don't have to wait for the summer/spring markets, now is still a great time to sell!