If you’ve been on the fence about buying a new home this year, you may be wondering if now is a good time to buy. Knowing when buy can be tricky but with low mortgage rates, more buyers are jumping into the market to take advantage of these rates.

Interest rates are at historic lows

Record low mortgage rates have made buying homes more appealing. According to Freddie Mac, the mortgage rate is 2.8% for a 30-year fixed mortgage and 2.33% for a 15-year fixed mortgage*. Lower interest rates not only increases your buying power and help make your home more affordable, but it also reduces the amount of interest paid on your loan over time.

Lexington Trace in Warrenville

Lexington Trace is a doubly attractive community in Warrenville. Starting in the upper $200s, we have two collections of homes ranging between 1,751 – 1,913 square feet. The Mews Collection of homes feature 3-level row homes with rear 2-car garages and dramatically wide balconies. The Club Collection of homes offer traditional 2-story townhomes with a single-family vibe, 2-car garages, basements, and patio backyards.

Choose from 2 to 4 bedrooms, 2 1/2 or 3 1/2 baths, with loads of luxury appointments like 9-foot ceilings, master suites with walk-in closets, contemporary open and airy floor plans. Both collections have stately brick with wood trim and a maintenance-free lifestyle.

The Lexington Design team has been ahead of the curb for decades, which has let us build timeless homes that are at the forefront of design trends. Our homes feature sought-after features that are designed to transform everyday living into a statement of style, comfort, and convenience.

Lexington Trace is open for walk-ins and by appointment, both in-person and virtually! We have four fully-furnished, professionally decorated model homes available to tour. To learn more, visit us online at LexingtonChicago.com today.

* current rates as of 10/22/2020.