Happy Saturday! I’m excited to share some valuable insights following the Fed's recent rate drop—the first in over four years. Here’s what you need to know when talking with your clients:
⚡Key Highlights: ⚡
--The Federal Reserve lowered the Fed Funds Rate by 0.5%, marking a pivotal moment for our market.
--Despite the rate drop, mortgage rates haven’t moved significantly yet. In fact, some indicators show they may rise soon.
--The 30-year fixed mortgage rates are hovering in the low 6’s—some buyers are even securing rates in the high 5’s with the right buy-down strategies.
Action Items:
🏠For Buyers: Now is a great time to act before rates potentially rise again. These are the best rates we’ve seen since early 2023!
🔻For Sellers: Listing now could be a smart move with reduced competition and a current buyer-friendly market. Spring is projected to bring a surge in listings, so getting ahead now could maximize your opportunities.
For Negotiations: Take advantage of this market to negotiate better deals—like securing seller credits!
If you have any questions, need further insights, or want to brainstorm strategies, I’m here to help! Shoot me a DM or schedule a mortgage strategy call at https://bit.ly/3hhGMHJ
Have a fantastic weekend, and happy house hunting!
