Mortgage Rates Level Off

November 14, 2024
“After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers. Freddie Mac’s latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades.”

🏡 What is an Equity Shift?

Homeowners can leverage the equity in their current home to reduce the amount they need to borrow for a new purchase. By using the appreciation they’ve gained over the years, they can secure a smaller mortgage, even at today’s higher rates, and still move up without a drastic increase in their monthly payments.

Whether you’re looking to buy a home or refinance, now could be the perfect time to lock in your savings and take advantage of the current rates! 💼✨

📞 Call or message me today to discuss your options. I am your One-Stop for Real Estate and Mortgages. My website is https://lnkd.in/gW78baJG

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