The holidays are beginning to wind down as we look to the new year. The year 2020 is rumored to be even better than 2019 as far as mortgage rates. Consider this article from Housingwire.com
While rates aren’t going to plunge another percentage point – November’s average rate for a 30-year fixed mortgage was 3.7%, compared with 4.87% in the year-ago month, according to Freddie Mac data – they’re going to set some new lows, Fannie Mae said in a forecast.
The average fixed rate probably will be 3.6% in 2020, which would be the lowest annual average ever recorded in Freddie Mac records going back to 1973. It compares with 3.9% in 2019 and 4.5% in 2018, according to Fannie Mae. The current record was set in 2016 when the annual average fell to 3.65%. Consider the annual average in 1981: 16.63%. That’s not the highest mortgage rates ever booked. Looking at weekly averages, the rate hit 18.6% in mid-1980 as the economy struggled with stubborn inflation.
Now is the time to lock in that low, low mortgage rate on a new construction home at Wescott from Patrick Malloy Luxury Collection.
Put your home under contract now and be in place to enjoy the spectacular amenities. Enjoy playing outdoors on the lighted tennis court, hanging out in the gazebo or warming up with the outdoor fire pit lounge. The amenities include an opulent clubhouse, swimming pool, spa, tennis courts, playground, gazebo and an outdoor fire pit lounge. As you drive through the front gate, you will feel right at home at Wescott, your new home community. Take the Community Tour here
Located in the highly sought-after area of South Forsyth/Suwanee, Wescott is ready for quick move-in dates with standing homes that will be available for quick closings now! Not quite ready? Choose to build your home from one of our featured plans.
Act fast to take advantage of $5K Broker incentives on homesites 30 and 33. Get $30K in design options on pre-sales only plus $5K in closing costs with preferred lender. [see on-site agent for full details]
Move in Ready Home:
Homesite 30 |$849,900 |5 BR, 4 full & 1 half BA – The Hensley B! A gorgeous OPEN CONCEPT plan with a sun-filled, 2-story Family Rom/Flex Room, just waiting for your imagination. The kitchen cabinets soar to the ceiling and you will find Kitchen Aid Stainless Appliances including: double ovens, 36″ gas cooktop with vent hood and drawer style microwave. The Butler’s Pantry transitions to a Formal Dining Room that easily seats 12 and perfect for ENTERTAINING! Rounded out with a HUGE Guest Suite on main. All complemented by hardwoods throughout. Find out more
Lambert High School District
Wescott is located in the Lambert High School District, an exemplary school that rates 10 out of 10 on GreatSchools.org and Niche. The high school graduation rate is at 99% of all students. The school is composed of grades 9 through 12, and that equals approximately 3000 students. LHS offers the typical high school experience with numerous academic courses (including AP), clubs, activities, and sports. The Longhorns compete in the 6AAAAAA region for sports.
New Homes from the $700’s to $1 million plus in South Forsyth in sought-after Lambert High School District.
The sales office is located at 690 Nichols Road, Suwanee, GA 30024 Click here to get directions.
Call Deborah Boatright or Debra Dinkins at 770-254-5358 to tour Wescott in South Forsyth.
Take GA 400 north to exit 13 (Hwy. 141) and turn right. Go approximately 3.5 miles and turn left onto Sharon Springs Road which will turn into Old Atlanta Road. Cross over Windermere Parkway/Mathis Airport Road. Turn left on Nichols Road (just before Lambert High School). Community is on the left.
All sales are being handled by Berkshire Hathaway HomeServices – Georgia Properties – New Homes Division. The information above is believed to be accurate but is not warranted, and subject to errors, omissions, changes or withdrawal without notice.