🐔The Rates are Falling! The Rates are Falling!🐔

💥Mortgage Rates are Dropping! 📉

Santa?! The Best Holiday Gift 🏡🔑

We have some great news to share that is helping to end a challenging year on a high note: as of Wednesday evening, mortgage rates *finally* dropped below 7%! Rates have steadily declined for a few months, but this latest drop will significantly improve affordability and lower monthly payments. With a potential housing boom expected next year, this offers a promising outlook for not just buyers but sellers as well. With better affordability, more buyers will be able to enter (or re-enter) the market, offering good odds for sellers; sellers who stayed put out of fear of finding somewhere to go would be more confident with both going on the market and finding their next landing pad. All of which could also equal a freeing of pent-up inventory!

One of our lending partners, Evan Swanson at Guild Mortgage, shared the below video that helps explain how this essentially means homes are 10% more affordable than just two months ago with this latest change. Take a watch, and feel free to share with anyone you know who may benefit from this information!

As always, we're here to guide and help you as any questions about what this means for YOU arise. Who knows, maybe there's a chance at a NEW home for the holidays, not just being home ;)

Evan succinctly explains how this change would translate on a $540,000 home.