Slashing Interest Rates: Why Now is the Best Time to Buy a House

Coronavirus has caused the government to take many precautions to protect the economy. Among these safeguards, some good news exists for those interested in purchasing a new or second home. In an effort to jumpstart the economy, the Federal Reserve has slashed interest rates. Prospective investors can capitalize on these lower interest rates to get a great deal on a house. Find yourself bored due to a shelter in place order or quarantine? Trying to avoid heavily populated areas? Consider looking into houses at Indian Lake. 

Why Do Interest Rates Determine the Best Time to Buy a House? 

On Sunday, March 15, the Federal Reserve reported that it would drop interest rates to zero. Additionally, they will buy at least $700 billion in government and mortgage-related bonds. Why? The Federal Reserve is making these decisions in order to protect the economy from Coronavirus related downfalls. The U.S interest rate is currently in a range from 0 to 0.25% when it was previously 1 to 1.25%. Lowered interest rates mean that you have the opportunity to get a better deal on a loan. 

Affordable Waterfront Properties 

When looking at secluded properties close to bodies of water, you will typically find that prices catapult upward. Because of this, you might think that finding a waterfront property away from heavily populated areas is impossible. Indian Lake Realty proves the opposite. We offer a variety of waterfront properties at affordable prices that you will love. 

No matter what price you are looking at, Indian Lake will make purchasing a property worth it. Not only will you find yourself surrounded by awe-inspiring sights, but you will have access to our gorgeous lake. You will not have to worry about swimming shoulder-to-shoulder with a large population in Indian Lake. Our community is small and secluded. 

About Indian Lake, PA 

Pennsylvania’s hidden gem, otherwise known as Indian Lake, is a pleasant community nestled within the Allegheny Mountains. Indian Lake, established in 1966, offers many homes near its beautiful, manmade lake. These homes make for the perfect vacation or second home. 

At Indian Lake, you will find a huge variety of things to do. If you are interested in fishing or watersports, Indian Lake is the perfect location for it. Our beautiful lake is perfect for swimming, fishing, water skiing, jet skiing, and wakeboarding. Are you a fan of golf? Arnold Palmer designed two PGA golf courses (the Northwinds Golf Course and Peninsula Golf Club) at Indian Lake. Indian Lake is also home to a 3,000 acre ATV park, ski slopes, and is located close to many great restaurants. 

How Indian Lake Realty Can Help 

It doesn’t matter if you are purchasing a permanent home, a second home, or a vacation home. If you are choosing Indian Lake, you are making the right decision. Indian Lake Realty has been connecting individuals to their dream homes for over 30-years. Our local experts will stick with you throughout the entire process of purchasing your lakeside home. With Indian Lake Realty, you will have access to waterfront properties, fairway homes, condos, and townhomes. We offer in-person tours of our properties, but if you are unable to do this, we provide detailed information and photos of each listing on our website. If you are interested in seeing a property in person, email us at mail@indianlakerealty.com or call us at (814) 754-4224 to schedule a tour.



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