Is NOW the Time to Buy a Home?: Breaking Down Rates and Market Trends
As a homebuyer, it’s natural to focus on interest rates when considering your purchase, but there’s more to the story than just rate cuts. Right now, in 2024, the broader economic picture is shifting, and it’s crucial to understand what that means for you as you navigate the housing market. The Ro
Home Prices Are Down, Mortgage Rates Are Dropping—Here’s Why You Shouldn’t Wait
As of August 2024, Southwest Colorado's real estate market presents a unique blend of opportunities and challenges for prospective homebuyers, particularly when considering the current mortgage rate environment. While the national average for a 30-year fixed-rate mortgage has dropped slightly to 6.3
Powell Signals September Rate Cut: What It Means For You?
The real estate industry received some positive news last week, as Federal Reserve Chair Jerome Powell hinted that a rate cut is likely coming in September. In his speech at the Kansas City Fed’s annual conference in Jackson Hole, Powell said that “the time has come for policy to adjust,” signaling
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