Quick Facts:
- The average payment on a $500K home has dropped by $670/month since last fall.
- The average payment on a $750K home has dropped by $820/month since last fall.
- The average payment on a $1MM home has dropped $1,010/month since last fall.
What this means:
- Mortgage rates are expected to continue to decline, reducing monthly costs for refinancing.
- Homebuyers will have access to larger loans and increased purchasing power.
- As rates drop, buyer demand will increase competitive offers.
Do I have you convinced yet? Reach out to better understand your opportunities!
