Why You Don’t Need To Be Afraid of Today’s Mortgage Rate
"A home is a place to start your story.” - Anita Renfroe
Hey Everyone,
Welcome to this week’s edition of The Ridgeline Rundown!
For months, mortgage rates have felt like the monster under the bed—keeping buyers frozen and waiting for the “perfect” moment. But here’s the truth: waiting for that magic 5-point-something rate could end up costing you more than you think.
This week’s newsletter breaks down why today’s rates might actually be your opportunity—before the market wakes up and prices climb again. Let’s unpack what’s really happening behind the numbers and why acting now could be your smartest move yet.
And as always, if you’re thinking ahead about selling or just want a personalized game plan, reply to this email — I’d be happy to walk you through the next steps. 🤝
Table of Contents
Mortgage Minute
Today’s market reminded us that a Fed rate cut doesn’t automatically mean lower mortgage rates—when Fed Chair Powell stated that another cut in December isn’t guaranteed, markets quickly adjusted their expectations, causing mortgage rates to rise at the fastest pace since the last meeting, reinforcing that rates react to future outlooks, not the Fed’s immediate moves.
The Insider’s Guide to Real Estate | Tips
Why You Don’t Need To Be Afraid of Today’s Mortgage Rates
Mortgage rates have been the monster under the bed for a while. Every time they tick up, people flinch and say, “Maybe I’ll wait.” But here’s the twist. Waiting for that perfect 5-point-something rate could end up haunting your wallet later.
The Magic Number
According to the National Association of Realtors (NAR):
“. . . a 30-year fixed rate mortgage of 6% would make the median-priced home affordable for about 5.5 million more households—including 1.6 million renters. If rates were to hit that magic number, it’s likely that about 10%—or 550,000—of those additional households would buy a home over the next 12 or 18 months.”
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Feel free to reach out with any real estate questions—I’m here to help, no matter the state!
Referrals are the biggest compliment, so send anyone my way. Until next time!
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