This is the news you’ve been waiting for...

This week, two big things happened in our local real estate market:

1. Interest rates just dropped to their lowest since October 2024—now at 6.58% for a 30 year fixed mortgage.

2. Mortgage applications surged nearly 11%—the largest weekly jump we’ve seen since summer began.

Showings on listings are noticeably increasing right now—buyers are shopping again, and activity in the market is clearly picking up.

Additionally, the market is now predicting an 85% chance that the Federal Reserve will lower interest rates next month. If you’ve been waiting for the opportunity to buy or sell, this is the moment to pay attention.

What should you do next?

• Buyers: Lower rates mean you can afford slightly more, and there’s fresh opportunity with more listings hitting the market. Now’s your chance to lock in a rate before the next wave of competition.

• Sellers: Increased buyer demand and falling rates mean more showings and stronger offers. This could be a great time to list or re-list your home—but pricing right is still key with plenty of inventory to compete with.

If you need anything this weekend—whether you have questions, want to see a home, or are thinking about your next move—I’m here and ready to help you take advantage of these changes.

Hit reply to schedule a quick call and find out what today’s news means for your goals—I’m happy to help.

Here to serve,

P.S. Market conditions can change quickly. If you've been waiting for the "right time" to make a move, let's talk about whether that time might be now.