Home buyers making room for their pets

Home buyers making room for their pets

Home buyers making room for their pets
Selecting the right neighborhood, checking out the nearby school and shopping and figuring out the property tax rate are just some of the considerations home buyers make when deciding where to live. But for many, keeping their four-legged friends in mind is just as important.

According to a new survey conduct by Ally Bank, 20 percent of 1,000 adults surveyed recently admitted to bringing their pets with them when looking at homes. A growing number of homeowners say that taking the needs of their pet into consideration is a major factor for them when selecting a home including ensuring that their cat or dog has a dedicated space just for them.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.