When mortgage rates drop, it’s like a green light for buyers, and everyone rushes in to grab those lower rates. That means more people are hunting for the same homes, and the competition can get fierce!
Currently, rates are the lowest they’ve been in 20 months. A recent poll shows that 40% of homebuyers are waiting for another rate cut to start their search.
Will you wait by the sidelines with that majority? Or jump in this unique window of opportunity right now, before another rate cut, when competition is lower?
Here’s why it’s super important to act quickly:
Homes Go Fast
With more folks searching, the best homes can get snapped up in no time. Don’t wait too long, or that dream home could slip away.
Bidding Wars
Lower rates often mean more buyers, which can lead to bidding wars and higher prices. Moving fast gives you a better chance to make a strong offer before prices start climbing.
Securing the Best Deal
Lenders might be swamped with applications, which could slow things down. If you’re ready to roll, you can lock in great mortgage terms before rates change or the best deals are gone.
In this kind of market, speed and being prepared are your secret weapons to landing your dream home. Ready to make it happen? Let’s strategize together and get pre-approved with one of my trusted lenders.
Melissa Perez
@premieragentperez
REALTOR, DRE# 01803254
(951) 741-8441
PremierAgentPerez@gmail.com
