Mortgage Rates Continue to Decrease

December 5, 2024

This week, mortgage rates decreased to their lowest level in over a month. Despite just a modest drop in rates, consumers clearly have responded as purchase demand has noticeably improved. The responsiveness of prospective homebuyers to even small changes in rates illustrates that affordability headwinds persist.

🏡 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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