Big headline this week:
Mortgage rates have dipped below 6% for the first time in a while.

Now before this turns into banker math and spreadsheets, let’s talk about what this actually means from a real estate agent’s perspective — especially here in Brookings, South Dakota.

At Home Team 605 pwrd by Krogman & Company Real Estate, we don’t just watch rate charts. We watch behavior. And when rates shift, buyer behavior shifts with it.

Why a Sub-6% Mortgage Rate Matters

Even a small drop in mortgage rates can change the tone of the market.

Here’s what we typically see when rates dip:

  • Buyers who were “waiting” start scheduling showings

  • Pre-approvals get updated

  • Conversations turn from “maybe later” to “let’s…

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There’s one decision you're going to make when you sell that determines whether your house sells quickly, or it sits. Whether buyers make an offer, or scroll past it. Whether you walk away with the maximum return, or you end up cutting the price later.

And that’s your asking price.

The #1 Mistake Sellers Make Today: Trusting the Wrong Number

If you’re thinking of moving and trying to figure out what your house may sell for, it’s tempting to start with an online home value tool. They’re fast, free, and easy. And you don’t have to talk to anyone. But here’s the problem: they don’t know your house.

And that can be a bigger drawback than you realize.

Where Online Estimates Fall Short 

Online tools often lag behind the market. They…

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