Many smart buyers believe they're playing it safe by waiting for another Fed rate cut. Just last week, mortgage rates dipped to 6.13%, down sharply from the 8% peak we saw briefly in 2023. Some buyers are hoping for another small decrease by the end of the year, but the reality is that the best homes are being snatched up right now by savvy buyers who aren’t waiting.

Here's the real math - For buyers

• Mortgage rates do not correlate 1:1 with the fed funds rate that the Federal Reserve controls. In fact, mortgage rates hit their lowest point last week the day before the Federal Reserve announced they would be lowering interest rates. Because of this, many argue that any further interest rate cuts this year have already been priced into the mortgage market.

• Every month you hold off, more and more properties slip away—gone to someone who is taking advantage of the current buyer’s market and refinancing later if/when mortgage rates do fall further.

• Even if mortgage rates drop by 0.25%, you may lose out on $33,495 or more in savings by missing today’s lower prices. View the image below to see what I mean.

For sellers

If you’re thinking about selling, today’s market still offers strong opportunities—especially for well-prepared sellers. With inventory rising, desirable homes are still selling. The right pricing and presentation can set your home apart from the competition and attract motivated buyers, including those flush with cash or ready to act before rates change again. I’ll help you position your property strategically, highlight your home’s strengths, and negotiate effectively—so you maximize your equity in a shifting market.

Bottom line

Have questions about how this applies specifically to your situation?
Reply to this email—I’ll run the numbers and show you the best options for your goals.

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.