The 30-Year Fixed-Rate Mortgage Inches Down

November 27, 2024

The 30-year fixed-rate mortgage moved down this week, but not by much. Rates have been relatively flat over the last few weeks as the market waits for more clarity on specific economic policies. Potential homebuyers are also waiting on the sidelines, causing demand to be lackluster. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.

🏡 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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