07/25/2024
Rates are steadily coming down! Sitting pretty just over 6.75👍
I would recommend to interested buyers to buy as soon as they are able to get pre-approved!
With rates coming down, more and more people will become eligible to buy based on how DTI will be calculated. This is great!
BUT...
This will create more and more competition, and drive prices up.
There will not be enough inventory to keep up with demand based on how quickly rates are expected to come down. So the time is NOW!
Marry your purchase price, but date your interest rate.
Once rates come down and you're eligible, refinance and enjoy your monthly savings!💲
