📉 What’s Going On With Rates?
Interest rates haven’t changed much since last week. Many home loan programs are holding near recent levels, and options remain available for both short-term flexibility and longer-term stability. We’re also seeing increased interest in home equity products for those who want to tap into their home's value without changing their existing mortgage.
📊 What’s Happening in the Economy?
Some recent national reports show that inflation is easing a bit, which has sparked conversation about whether borrowing costs could go down later this year. While nothing is guaranteed, this news is encouraging for anyone watching the market for signs of improvement.
đź’ˇ Local Trends to Watch
In our area, we continue to see strong interest in homes with unique features—like mountain views, lake access, or vacation rental potential. Inventory is still on the low side, which means well-prepared buyers have an edge when the right property pops up.
🧰 Helpful Tip
There’s a lot of confusion around what’s due at closing and what terms like “points” or “closing costs included” actually mean. If you're comparing loan quotes or trying to understand an estimate, I’m happy to walk through the numbers with you in plain English.
Have questions about buying, refinancing, or using equity wisely? Feel free to reach out. I'm always happy to provide guidance—no pressure, no commitment.
