It’s official. Mortgage rates have officially hit bottom and begun climbing back up.
The refi boom has just about run its course.
Quite honestly, we’re looking forward to the change.
While we’ve enjoyed helping many homeowners score the interest rate of their dreams, our focus has never shifted away from servicing our Realtor and builder clients in the purchase market.
But those low rates sure have garnered a lot of attention.
The reality is low interest rates attract lots of the wrong kinds of people into the real estate world.
People focused entirely on rates aren’t long-term thinkers. They’re chasing a buck.
And true real estate professionals, like you and I, are in the business for the long haul, to do things the right way, and to always do what’s in the best interest of our customers.
Now, more than ever, it’s important to switch gears away from talking to customers about rates and focus on the many ways to help people buy a home or investment property.
That means getting a refresher on key lending programs to see what’s changed and what stayed the same, as well as where the trends are.
We’re still seeing a real lack of housing inventory locally, meaning good properties often have multiple offers.
Pre-approvals are more important than ever to make sure your buyer’s offer is taken seriously by sellers with choices.
If we haven’t talked in awhile, let’s connect and get you caught up on what we’re doing in the purchase market.
Coffee is on me!