Reduction in Interest Rates in Shreveport, Bossier

A few days ago, the residents and real estate agents of Shreveport-Bossier received the great news that interest rates for home loans in this area of the state of Louisiana are starting to show a significant decrease.

Likewise, the news was received with great excitement by mortgage lenders, who have reported that now people looking to buy a home can come to them and obtain a mortgage loan with an interest rate below 6%.

According to real estate agents, the news has been well-received by potential buyers. They affirm that now their businesses are seeing more activity, and more and more people are approaching them, making offers on the properties they have, and those buyers who were hesitant are now returning to purchase.

All this movement in the Shreveport-Bossier real estate market is undoubtedly thanks to the drop in interest rates, as buyers perceive that their mortgage payments could be reduced by 400 to 500 dollars, which is a very significant reduction for them.

They also point out that the inventory of homes is gradually increasing, giving buyers a few more options when choosing a property. As a result, it could be said that the city’s real estate market is now much more dynamic and balanced, with enough home listings for people to find their desired residence, and sellers who do not overprice their homes are able to sell them.

In conclusion, they note that their current market is intense and that this situation does not occur frequently in the city. Now sellers are making quicker profits from the sale of homes, and buyers are finding excellent properties at much better interest rates than those of previous years.

Available Foreclosures: 

Shreveport: 25 homes available.

Bossier: 15 homes available.

By Elias DaSilva | September 24, 2024.