09/06/2024
Happy Friday!!☕️ Here are some Real Estate insights for the Tulsa area✨
* A .25% rate cut is expected at the next Federal Reserve meeting. This will push mortgage rates lower and start the path to more affordable payments for homebuyers. Depending on credit score, downpayment, & loan type, rates are currently ranging around mid 6%!
* I believe that the next 60-90 days will be a great opportunity for buyers to capitalize on the lowest interest rates we’ve had in a year & negotiate a good deal on a new home! We’re seeing buyers negotiate rate buy downs, closing costs covered, or price reductions from sellers. Depending on your situation, getting your rate bought down into the 5% range is a strong possibility.
* The average days on market in the Tulsa area is 30 days
* The current average sales price in the Tulsa area is $340,000
Now who is ready to buy or sell? Let’s talk it over, over some coffee!
Jeanette Champlin, Keller Williams Advantage
📲 918-323-6708
