Here's some good news for buyers and sellers alike!
The average 30-year fixed mortgage rate has ticked down this week to the lowest level for 15 months - since May 2023!
And with the widespread expectation of a fall in Federal Reserve interest rates next month, the stage is set for possible further mortgage rate drops as we head into fall.
This has the potential to make the end of summer/early fall homes market the liveliest we've seen for quite a while. We're already seeing more buyers in the market with the huge incentive of better affordability.
If you've been considering listing, now is a very good time to consider entering the market, while lowering rates enhance buyer sentiment and before there's increased competition from other sellers looking to take advantage of the situation.
Contact us at 435-327-2090 today to discuss your best options ahead of what could be some very busy weeks here in Iron County.
