Click the link below ⬇️⬇️⬇️ to see stats for the southwest Montana area of choice. If your market isn't shown here, DM me and I'll put together a report for you!
We’ve seen interest rates back off of the 6% rate mark that started climbing back in June, and is currently hovering around the 4.8% mark...pretty nice. This has caused some fatigued buyers to peek out from behind the curtain recently, because maybe, just maybe they can make something happen soon.
For sellers, the reality that those sky high multiple offer situations are a thing of the past is starting to hit home. We are still pacing at equity growth of 8.6% over this time last year (you heard it here first in last week's report) which is well above historical levels.
Experts are projecting mortgage rates will be more or less holding steady for the next four quarters/year. somewhere between 4.97-5.33 according to Fannie, Freedie, MBA and NAR. This could be a result of inflation getting under control.
Base your decisions on facts instead of fear. This will help you make the best choice for your individual goals. Reach out to me and we can see where your plans fit into the current market conditions!