Recent data from the Mortgage Bankers Association indicates that U.S. mortgage rates have significantly declined, reaching their lowest levels since early March. The average rate for a 30-year fixed mortgage currently stands at 6.87%, while the rate for a 15-year mortgage has fallen to 6.49%.

This decrease offers a prime opportunity for foreign nationals and U.S. expatriates to enter the U.S. housing market. Lower mortgage rates translate to reduced borrowing costs and the potential for substantial investment returns.

Mortgage Rates

Diminished Competition Favors Overseas Investors

Concurrently, the National Association of Realtors has observed a 36% decrease in international buyers compared to the previous year. Factors contributing to this decline include high property prices, limited inventory, and a strong U.S. dollar, which makes U.S. properties more expensive for some buyers. This reduced competition provides foreign investors and U.S. expatriates with an advantage in a less competitive market, enabling them to secure better deals and potentially more favorable purchase prices.

We are happy to help you for your investments plans in the USA.