05/15/2026
📊 MARKET UPDATE WITH JOE 🏡
A lot has changed in the market over the last few months. Before the Iran war began on February 28, interest rates were sitting around 5.99%. Today (filmed May 13), rates are 6.57%.
So what does that mean for buyers?
We’re seeing a noticeable slowdown in the market, which is creating more opportunities for homebuyers. Homes are staying on the market longer, price reductions are becoming more common and sellers are offering credits to help buyers get into homes.
If you’ve been waiting for the “perfect” time to buy, this could actually work in your favor. Don’t let today’s interest rates scare you. History has shown there may be opportunities to refinance down the road. Like the saying goes: You marry the house, not the rate!
Before you make an offer, you need to get pre-approved so you know your buying power and can move confidently when the right home comes along.
📞 Give me or my office a call to get started, or click the link in my bio to begin your application and securely upload your documents right from your phone. In many cases, we can get you pre-approved in just a couple of hours.
