Nathan George- Exp Realty Realtor

Have you heard the good news? Mortgage rates are trending down.

And, if you’re looking to buy a home, that helps your bottom line. As rates drop, your monthly payment on your next home does too.

The change we’ve already seen could save you hundreds of dollars a month.

Falling Mortgage Rates Are Bringing Buyers Back

If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the Federal Reserve cut the Federal Funds Rate for the first time since they began raising that rate in March 2022. And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are expected into next year. And lower mortgage rates are bringing more buyers back into the market. Lisa Sturtevant, Chief Economist at Bright MLS, says: “A drop in the cost of borrowing will help fuel more homebuyer demand . . . Falling rates will also bring more sellers into the market.”

The best part? You can take...

Falling Mortgage Rates Are Bringing Buyers Back If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.

Mortgage rates are dropping. As a result, more buyers are getting ready to re-enter the market. That’s clear based on the rise in mortgage applications since rates started to fall.

If you’ve been thinking about selling, let’s talk about how to get your house ready so you can take advantage of increased buyer activity.

Have you felt like homeownership is out of reach? You aren’t alone.

But here’s some good news: builders are focusing on bringing smaller, more affordable homes to market. And if we open up your search to include those new builds, we may be able to find the right fit for your budget.

Let’s chat if you’re ready to explore what builders have to offer in and around our area.

Mortgage rates have hit their lowest level since February 2023 – and that’s big news.

So if you’ve been sitting on the homebuying sidelines waiting for this to happen, it’s time to talk about making your move. Because the monthly savings is going to be a game changer for your purchasing power.

DM me and I’ll show you how the recent decline may help you get a better monthly payment than you’d expect.