
Why This Moment Matters for Both Buyers and Sellers in Today's Market
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Mortgage rates have hit their lowest point in 18 months, creating opportunities for both buyers and sellers as we approach the sweet spot before home prices increase.
Listen Now for All the Latest in this Monday Market Update!
Some Key Takeaways:
• Jobs report came in lower than expected, causing the 10-year treasury bond to decrease
• Some borrowers now securing rates around 5.875%
• Expected Fed rate drop next week should help solidify current bond market position
• For every percentage point rates decrease, approximately 5 million new buyers enter the market
• Many Sellers become motivated at 5.5% regardless of their current mortgage rate
Visit kevnikmortgage.com for weekly Monday morning blogs with shareable content for social media, including today's blog about the right time to purchase.
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Angie Gerber
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