Rates Dropped, Buyers Jumped

When mortgage rates dipped just 0.15% for one day, in the middle of a stock market panic, mortgage applications jumped 20%. Despite all the fear and uncertainty, buyers were ready to move the second they saw a slightly better rate. Imagine what will happen when rates drop for real and the market is not falling off a cliff. To some, this might not mean much, but to me, it is obvious. There is a massive demand waiting on the sidelines. When rates drop, even a little more, I expect a surge.

If you are considering buying or selling, now could be the time to be ready.

Let me know if you want to talk through your options.