Don’t Fall For Those 4% Mortgage Mailers

The Sell for 1 Percent team reports that Central Ohio’s housing inventory has climbed to over 6,000 listings, representing an almost two-month supply. Mortgage expert Rich Sircone cautions homeowners about junk mail offering unbelievably low rates — explaining that there are no legitimate rates in the fours right now and those ads are better used as fireplace kindling. For Franklin County home sellers, with median days on market now at 42, this seasonal slowdown means pricing correctly is key to moving quickly before the market picks up again after Labor Day.

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