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Image by Glenn Carstens-Peters
  • Writer's pictureMatt Elakatt

December Market Update

The good news is that we saw a little dip in the 30-year fixed mortgage rate last week, averaging 6.58%.

As the rate settles and we adjust our expectations, opportunities are within reach. At this time, a buyer will have a higher rate but will have the leverage to negotiate the purchase price, credits, and closing costs. Then hopefully later refinance to a lower rate.

Everyone’s situation is different. For some, it may not benefit to buy or sell, but for others now could be a perfect time.

Before making a decision, reach out to a trusted real estate partner to assess your specific situation and go over options that may be best for you.

Email or call if we can help in any way!

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