With more than 15 years of experience as a real estate agent in Orange County, I’ve witnessed how profoundly mortgage rates impact the home buying process. I’m thrilled to share some encouraging news for anyone thinking about purchasing a home.
We’ve all heard about high rates in recent months (check out more in this short video
But thanks to recent economic reports and updates from the Federal Reserve, mortgage rates have started to dip to their lowest since February. Here’s why this could be your moment:
Opportunity to Own Your Dream Home: With lower rates, your buying power increases, which could put you closer to that dream property in a great location or with those features you’ve always wanted.
Striking a Balance: While some are holding out for further drops, experts believe rates will likely stabilize around 5.5% to 6% this year. Those record lows from the pandemic era? They’re not expected to return.
Higher Prices Could Be on the Way: As affordability improves with lower rates, we’re likely to see a rise in buyer activity, which could drive home prices up again.
Act Before the Market Heats Up: Now could be the perfect time to buy before demand—and prices—start to climb again. It’s a chance to secure a home and build equity as the market grows.
Let’s Get Started!
Thinking about your next steps? Contact me today for a free consultation! Together, we’ll explore how today’s market could help you reach your homeownership goals.
