09/25/2024
Last week’s benchmark interest rate cut by the Federal Reserve was welcomed news! Mortgage rates have already dropped roughly a percentage point since May and should continue to trend down as the Fed signals that more rate cuts are coming. (Remember, though, the Federal Reserve doesn’t set mortgage rates, but when the Fed cuts interest rates, mortgage rates typically follow and move in the same direction.)
What does this mean for you?
➡️ Buyers, you might qualify for more home right now.
➡️ Sellers, more buyers will be entering the market with this shift.
Reach out, and let’s talk about your specific situation!
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