Sunnyside Title Agency is announcing that now is the best time to buy a house or refinance your property, citing the housing market’s record-low mortgage rates and subsequently lower prices.
With mortgage rates currently sitting between 2.75% and 4.25%, June is projected to be Sunnyside Title’s busiest month of 2020 so far.
This is the fourth record low-interest rate achieved this year, and is mainly due to the outbreak and spread of the novel coronavirus. The COVID-19 pandemic has been consistently driving interest rates down since March, when shelter in place orders began to be issued throughout the United States.
“These low-interest rates are making previously unaffordable homes fall into a reasonable price range for more first-time homebuyers,” said Robert Viggiano, owner, and co-founder of Sunnyside Title Agency. “And with the ability to lock these rates in for up to 30 years, it’s crucial that people take advantage of the rates we’re seeing as a result of the pandemic, whether that means buying a new home or refinancing their current homes.”
This unique market can be especially rewarding to those looking for homes in what are usually high tax, high-interest areas.
“Low-interest rates like the ones being seen right now are crucial in areas like northern New Jersey, where there are typically both high-interest rates and high taxes,” continued Viggiano, “Interest rates can account for thousands of dollars, and could be the difference between a house being in a buyer’s price range or not.”
Sunnyside Title is urging homeowners and homebuyers alike to use this unique situation and housing market to secure the lowest mortgage rates possible.
“We are currently experiencing a really unique situation within the housing market, but it won’t last forever,” continued Viggiano, “I personally believe that once interest rates rise again, the housing market will come to a halt. Anyone considering buying a home or refinancing their loans should take advantage of these rates before they change because the COVID-19 pandemic could cause the market to change quickly depending on any future events.”
Please visit, the Sunnyside NJ Title Company website for more information.
About Sunnyside Title Agency:
Sunnyside Title Agency is a fully licensed Title Insurer and Settlement Agent dedicated to providing professional title and title-related services to attorneys, lenders, and real estate professionals. Founded in 2018 by Robert Viggiano and Angela Viggiano and headquartered in Bergen County, N.J., Sunnyside Title is a full-service agency committed to excellence in both residential and commercial property transactions. Sunnyside Title prides itself on attention to detail and willingness to go above and beyond for its beloved local clientele. For more information, connect with us on Sunnyside Title Agency’s LinkedIn.
About Robert Viggiano:
Robert Viggiano is the owner and co-founder of Sunnyside Title Agency. After earning a B.S. in Finance from Fordham University, Robert went on to become a licensed title agent in the state of New Jersey. He founded Sunnyside Title Agency with his wife, Angela, in 2018. Named after Robert’s hometown of Sunnyside, Queens, Robert prides himself on running an agency with a staff dedicated to exceptional and timely customer service, as well as those who share his optimistic and competitive mindset. A former basketball player, Robert has previously served as a volunteer coach for William Paterson University’s basketball team.