Ash Laker Realtor

11/06/2025

09/23/2024

It’s becoming well known the Mortgage interest rates are dropping, but what does mean and how can this affect you?

The Federal Reserve controls the federal funds rate, which influences interest rates across the economy, including mortgage rates. When the Fed lowers interest rates by 50 basis points (0.50%), it reduces borrowing costs, including mortgage interest rates.

Here’s how this motivates buyers in the housing market:

1. Lower mortgage rates: A 50 basis point cut typically leads to lower mortgage interest rates, making home loans cheaper. This reduces monthly mortgage payments, allowing more people to afford homes or qualify for larger loans.

2. Increased affordability: With lower interest rates, housing becomes more affordable, expanding the pool of potential homebuyers. This is particularly important for first-time buyers, who might have previously been priced out of the market.

3. Improved investment returns: Lower rates on savings accounts and bonds may push investors towards real estate, seeing it as a better return on investment compared to other lower-yielding assets.

4. Boost in home sales: As borrowing becomes more attractive, demand for homes often rises, driving more transactions in the housing market. This increase in demand can potentially lead to higher home prices in the long run.

Overall, a rate cut by the Federal Reserve encourages borrowing and can stimulate activity in the housing market by making homeownership more affordable and appealing. Great news for both sellers, with more buyers to consider their home. The benefit to buyers is understandable, being able to have more affordability. Let’s not forget buyers can ask for a closing credit to help lower rates further to get a healthy monthly payment and not being over stretched!

I’m here to help with your real estate needs from California to Texas. Let me be your Real estate go to resource. Have a question, call, text or email me, your full time Realtor!

Ash Laker
(760) 290-5939
[email protected]
Allison James Estates & Homes
TREC 0787821 DRE 01999486

09/03/2024

What I love about Ramona, Ca - A place I am grateful to have called 'home'.

https://ashlaker.allisonjamesinc.com/blog/2158/Why+Living+in+Ramona%2C+CA%2C+is+a+Great+Choice

08/29/2024

New or visiting Montgomery County?
Here are my favorite things to do around the county where I live.
I know you'll love it so much, if you would like to know what you can get for your money out here in regard to real estate, just ask, this area caters to all! (760) 290-5939

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08/22/2024

⭐️OPEN HOUSE - SATURDAY AUG 24th - 11am to 1pm⭐️
📍766 War Paint Dr, Ramona 📍
⚡️ $585,000 ⚡️ 3 bedroom 2.5 bathrooms

Discover the charm of this delightful home nestled in the peaceful Oak Creek Meadows Community of Ramona. This home boasts a sizable private yard, a rarity for townhouses, and enjoys the advantage of no rear neighbors. It features three spacious bedrooms and two and a half bathrooms. Its favorable location close to local shops adds to your daily convenience. The washer and dryer are conveniently located in the garage. With its ample outdoor space, private setting, and closeness to amenities, this townhouse offers an opportunity not to be overlooked for those seeking their new home.