MARKET UPDATE

INTEREST RATES IMPROVED!

This past week brought some good news: interest rates improved from their highest levels of the year thanks to inflation data. Currently, the average lender is offering top tier conventional 30yr fixed rates near 7.07% with no points (Source: Mortgage News Daily).

Fed Governor Waller suggested the possibility of up to four rate cuts this year, which sparked a positive market reaction. But while no one has a crystal ball, many still expect rates to remain elevated in 2025. This would add to affordability issues, but let’s not forget—people still want to own homes. And with industry forecasts predicting slightly higher volume this year, there’s reason for optimism.

Here’s the truth: we can’t control the market, but we can control how we show up. Consistent communication, organization, and follow-up always pays off—sometimes in a few months, sometimes years down the road. Like my recent closing that started over two years ago from a buyer who found me on instagram.

For first-time buyers especially, the lender and realtor they choose can make or break the experience. I’m here to help with affordability challenges, discuss strategies to make monthly payments more manageable, and highlight the financial advantages of owning versus renting—including after-tax benefits. I’m here when questions pop up, even after closing.

In a tough interest rate climate, exceptional service isn’t just important—it’s how we stand out. As always, feel free to share this and let me know if you need anything— I’m only an email, call, or text away :)