What a Fed Rate Cut Could Mean for Mortgage Rates

What a Fed Rate Cut Could Mean for Mortgage Rates

The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion. The Fed Doesn’t Directly Set Mortgage Rates Right now, all eyes are on the Fed. Most economists expect they'll cut the Federal Funds Rate at their mid-September meeting to try to head off a...

Patience Won’t Sell Your House. Pricing Will

Patience Won’t Sell Your House. Pricing Will

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why. Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com: “Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and...

Mortgage Rates Just Saw Their Biggest Drop in a Year

Mortgage Rates Just Saw Their Biggest Drop in a Year

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. What Sparked the Drop? According to Mortgage News Daily, this was a...

Inventory of Homes for Sale at 5-Year High Graph

Inventory of Homes for Sale at 5-Year High Graph

The number of homes actively for sale is at its highest point since 2020 — and that’s a big deal for any homebuyer out there. That gives you the widest selection of homes to choose from right now that you’ve had in five years. That means a better shot at finding the home that truly fits and the chance to make a deal on your terms. Want to see what’s for sale in our local market? DM me....

Why 50% of Homes Are Selling for Under Asking and How To Avoid It

Why 50% of Homes Are Selling for Under Asking and How To Avoid It

If your selling strategy still assumes you'll get multiple offers over asking, it's officially time for a reset. That frenzied seller's market is behind us. And here are the numbers to prove it.  From Frenzy to "Normal" Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality. But that isn't necessarily bad...

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