Rates Drop, Cupid in Austin Soludos!
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Oldham Group Austin Update
Rates Drop, Cupid in Austin & Soludos!
January 19, 2024
Mortgage Rates Drop
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop.
The 30-year fixed-rate mortgage averaged 6.6% as of Jan. 11, a decrease from last week’s 6.66%, according to Freddie Mac‘s Primary Mortgage Market Survey released on Thursday.
The 15-year fixed-rate mortgage averaged 5.76% this week, down from 5.87% the prior week. HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.709% on Thursday, up from 6.66% recorded at the same time last week.
What Does this Mean for YOU?
Buyers– Here’s your opportunity to lock in a lower rate than we’ve seen since the middle of last year. There is a window of opportunity for you to negotiate a great sales price anchored by last fall’s low mark and before we see the spring run up. If you’re on the sidelines, it’s time to make a move!
Sellers– A drop in interest rates means buyers are likely to re-enter the market. Now is the time to prepare your home for the Spring market – fresh paint, new flooring, and deep cleaning. If you’re thinking about a sale, now is the time to connect with me so we can put a strategy and timeline in place.
Courtney was selected as a founding member of the Comission.Co Clubhouse. This is an exclusive membership group that offers agents and their clients access to the latest listings and buyer needs of fellow top producing agents. It offers unparalleled benefits for our clients and is something we’re looking forward to putting to work for you this year!
Looking for LOVE
New Year, New Skyline
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Ready to Make a Move
The first step is EASY! Call or text Courtney.
We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.
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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.