We love sharing exciting news with our clients, and today we’ve got something truly worth celebrating: mortgage rates have just hit their lowest point in over a year and a half!

If you’ve been waiting for the right time to buy, we completely understand. And guess what? That moment might be right now.

A small shift in mortgage rates can make a huge difference in your monthly payment, and this recent drop isn’t just small—it’s significant. Sam Khater, the Chief Economist at Freddie Mac, recently shared that:

"Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023."

That’s pretty big news! But let’s break it down into something more tangible for you. Just a few months ago, back in April when rates were higher, the payment on a $400K loan looked very different than it does now. With rates dropping from 7.5% to the low 6s, your monthly payment could be over $370 less! Imagine what you could do with those extra savings each month—it really adds up.

Here’s what we want you to know: this isn’t just about numbers. It’s about helping you find a home where you can create memories and build your future. And right now, the opportunity to do that with more purchasing power is better than it’s been in almost two years.

Bottom Line

If you’ve been dreaming of buying a home, now could be the time to turn that dream into reality. Let’s talk about your options, run the numbers, and see how we can help make this moment work for you. We’re here, ready to guide you every step of the way.

Warmly,

Gina Ammon & Donna Baker