Market Update: Rolling With the Punches

We’ve lost a bit of ground on rates since the government shutdown, but for now, things are holding steady. The good news? Most loans are moving forward as usual, the only real slowdown is with USDA loans, which have temporarily hit pause.

If you’re in the middle of a transaction, it’s a good idea to check in with your lender and agent. Make sure the seller understands that any delays aren’t deal-breakers just a part of the process right now.

Here’s the silver lining

With recent rate drops, home affordability has improved and we’re now in the best position we’ve seen in over two and a half years. That means more buying power, better payment options, and renewed opportunities for those who were previously priced out.

Stay patient this too shall pass.

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