We’re seeing some major shifts in the market right now — and we’re here to help you stay ahead. Here are five key insights we’re keeping an eye on:
1. Buyer activity is rising: Purchase applications are up 25% from last year. Even small dips in mortgage rates are fueling demand. If you’re buying, be ready to move quickly.
2. Mortgage rates are steady — for now: Rates are hovering around 6.8%, but the market remains sensitive. Strategic rate locks matter more than ever.
3. Inflation and new tariffs may impact rates: This week’s inflation report could trigger rate changes. Staying connected with your lender is key.
4. Credit score changes ahead: New scoring models (like VantageScore 4.0) will include utility and phone payments. It’s good news for future buyers — but won’t have a major impact just yet.
5. Possible tax reform = more listings? A proposed bill could eliminate capital gains limits on home sales. If it passes, we may see more move-up and downsizing sellers list their homes.
We’re keeping a close eye on the market so you don’t have to — and we’re always here to help you navigate what’s next. If you'd like to reconnect, review your options, or just catch up, don’t hesitate to reach out. Wishing you a great summer — and as always, we’re here when you need us.
