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The Fed finally announced the anticipated 25-basis point cut today, but here’s what many don’t realize: mortgage rates had already fallen to 6.13%—a 3-year low.
What does this mean for home sellers:
Lower rates are pulling more buyers off the sidelines, creating stronger demand for well-priced homes. In today’s market, buyers are motivated and inventory is shifting quickly.
What this means for home buyers:
That means homes are suddenly more affordable than they’ve been in years. In some areas where inventory is tight, well-priced homes are moving quickly. In others where inventory is higher, buyers like you are in the driver’s seat with the ability to negotiate.
Looking Ahead
The Fed has also indicated two more cuts are likely this year. Should you wait? Absolutely not.
Mortgage rates follow the 10-year Treasury yield, not the Fed rate directly. They can move unpredictably—sometimes even rising after a Fed cut. The best strategy is to act now—position your home to capture buyers who are re-entering the market while demand is climbing.
Next Steps for Home Sellers:
If you’re thinking of selling, let’s review your home’s current value and discuss the best timing to maximize your return.
Reach out to get a copy of my custom 100+ Point Marketing Plan for Your Home, designed to showcase your home to generate more buyers and stronger offers.
This is your chance while buyers are energized by lower rates.
Let’s talk about your options before more sellers get back into the market.
Next Steps for Home Buyers:
- Not pre-approved yet? Let’s get you pre-approved so you’re ready to act fast before other buyers jump back in.
- Already pre-approved? Let’s get you out there making offers – with a list of price-reduced homes in your area where sellers are motivated to deal.
This is your chance to get into the market with the best rates we’ve seen in years.
For buyers and sellers – let’s make your move while the opportunity is here!
Let’s work together – Reach out today – www.northofbostonhomesales.com/contact-me
