Don't Forget to Lock + Look ... Plus, More About Fed Rate Cuts

Now is a great time to take a Lock and Look program.
Rates may be ticking up between now and the end of the year. Buyers can lock in their mortgage rate now for up to 30 days while they look for their new home. As rates may be ticking up between now and the end of the year, this program gives buyers a peace of mind, knowing their interest rate cannot increase. There are no additional fees, but the buyer must have a signed purchase agreement within 30 days of the lock for it to be effective. Here’s a flyer with more info about this program!

Take a moment to read this article about the Fed Rate Cut. 
This was expected and so far, has had just a little bit of a positive impact to the stock market. As always, a Fed Rate Cut does not directly impact long term rates. In fact, since the last Fed Rate Cut, long term rates (30, 20, 15 and 10 year rates) have ticked up ever so slightly.  Mortgage rates increasing or decreasing have more to do with the overall economy, world news, inflation fears and things like Brexit and tariffs.

Interest Rates are still historically low and this is helping with overall housing affordability, especially with our higher sale prices. It’s an excellent time to list a home due to high home values and low interest rates.

Bill Holmes of Front Street Mortgage was just selected as an Affiliate Ambassador for TAAR. The Affiliate Ambassador Committee is a standing committee of 12 - 6 Realtor members and 6 Affiliate members.

The  purpose  of  the  Affiliate  Ambassador  Committee  is  to  develop  membership relationships  with  a  focus  on  a  beneficial  business-to-business  partnership and  support strategy  with  an outcome  that  assists  in  promoting  the REALTOR® brand within  the regional  community. Congratulations, Bill!