New Blog
by Morgan Michael
The Fed just dropped rates again, with 2 more rate drops expected before year's end. Anticipating this drop, banks have lowered mortgage interest rates. According to NAR, the rates we're currently seeing typically create a more balanced market and therefore keep things very healthy, meaning pricing is fair, a balanced number of homes on the market and ready buyers. Currently we're seeing homes last a little longer on the market, so if you're pre-approved and ready to put an offer in on your next home, you're in the sweet spot. I expect the market to get hot by mid-October, so now is the time to prep your home for listing and get your pre-approvals going. I am happy to discuss next steps with you. Call me (231) 769-2460. Let's get you moved before the snow flies!
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