Mortgage News
Rates are 100% NOT lower after the Fed Cut
Everyone held their breath for a dramatic drop in rates and said they'd buy when that happened, but after last Fridays' rate cut by the Federal Government, we actually saw rates increase! Are they lower than last year? Yes. Are they lower than last week - they are trying, but for now, we can draw a line on the volatile day-by-day rates and say they've pretty much flatlined over the last 2 weeks. I guess we'll see what happens when the jobs report comes out on Friday!
My top 5 things to do in October!
1. Fall Parade of Homes! Oct 4 - 12, 2024
2. Fall Bridal Show - Oct 12, 2024
3. The Ringling Brother's Circus Oct 25-27, 2024
4. Pulaski Days - Oct 4-6, 2024
5. Red Flannel Festival - Oct 5, 2024
Putting the 'Tea' in Realty
Sellers are growing frustrated with the market not being what they had expected. Past sales were easy, quick and offered the world to those who had property to list. Buyers, on the other hand, are wary of the economy, tired of getting the short end of the stick and are no longer accepting as-is as appropriate terms of sale. Meanwhile, Realtors are stuck in the middle, guiding buyers on how to negotiate for the first time in 3+ years and soothing the ruffled feathers of sellers who's expectations were much different, even with the good tutelage of their agents. We are all hoping that as the election season runs down and the dust settles, we will once again see an equal playing field where both sides can play nice.