Hope Leitner, Realtor®, CRS

If you’ve been holding off on selling your house to   make a move   because you felt mortgage rates were too high, their recent downward trend is exciting news for you. Mortgage rates have descended since last October when they hit 7.79%. In fact, they’ve been   below 7%   for over a month now ( see graph below ): And while they’re not going back to the 3% we saw during the  ‘unicorn’ years , they are expected to continue to  go down  from where they are now in the near future. As Dean Baker, Senior Economist at the  Center for Economic Research ,  explains : “It also appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows,  although we may soon see rates under 6.0 percent , which would be low by pre-Great Recession standards.” Here are two reasons why this recent trend, and the  expectation  it’ll continue, is such  good news  for you. You May Not Feel as Locked-In to Your Current Mortgage Rate With mortgage rates already significantly l

  For Sellers Selling Myths As the year winds down, you may have decided it's time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year. Get One Step Ahead of Other Sellers Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and sometimes deprioritize selling their house until the start of the new year when their schedules and social calendars calm down. But that gives you an opportunity to get one step ahead. Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition. Start the process with a  real estate agent  today so you can get your house on the market before your neighbors do. Get Your House in Front of Eager Buyers  Even thoug