Interest rates in Columbus Ohio

[Aram Jawad]

It's great to hear that interest rates are dropping down. While the inflation is still elevated, we started to see a graduate decline in interest rates. Many home buyers earlier this year were paying around 7% but, recently we start to see home buyers getting loans for little over 6% which is a good indicator for the market. Julia Gordon, Federal Housing Administration Commissioner, said that they follow the same steps as a conventional loans do, in case of time, some requirements, and appraisal guidelines. Since many people uses FHA loans, that could stable the market a bit more, so for now we are hoping for the best but, also prepared for the worst.