WHAT’S HAPPENING IN THE MARKET?
CNBC recently reported a 12% jump in mortgage applications.
At first glance, 12% might not seem like much—but compared to the same time last year, that’s an increase of over 52%.
So, what does this mean?
Two key takeaways:
- Buyers have become more accepting of interest rates in the 6-7% range but remain highly sensitive to even small rate drops.
- This shift could be good news for would-be sellers. It suggests the pool of buyers—especially those keeping an eye on interest rates—may be growing, making it a great time to consider listing your home.
This surge could translate to more offers, faster sales, and potentially higher prices for sellers who position their homes strategically.
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