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What does that mean for homeowners and buyers?
• The first Fed cuts are almost certain, and many economists expect mortgage rates to decline throughout the year.
• Interest rates have already started to come down, hitting their lowest level since April 2023
• Even small reductions in the interest rate can make a significant difference in a buyers’ decision to purchase.
• Lower mortgage rates will bring more buyers and potentially more sellers into the market.
• Buyers will be asking us if this is the right time to jump in and lock in mortgage rates. Be ready to answer quickly and be the needed advantage to make a successful purchase.
