Found 2 blog entries tagged as Seasons.

 




If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few of the major reasons why we’re seeing so much volatility, and what it means for you.

The Market’s Reaction to the Election

A significant factor causing fluctuations in mortgage rates is the general reaction to the political landscape. Election seasons often bring uncertainty to financial markets, and this one is no different. Markets tend to respond not only to who won, but also to the economic policies they are expected to implement. And when it comes to what’s been happening with mortgage rates over the past…

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Did you know that home listings typically slow down as summer ends? It’s a reliable seasonal trend in real estate, but this year, there’s a twist. With mortgage rates dipping at the end of summer, we’re seeing an uncharacteristic boost in new homes hitting the market—right when inventory usually starts to drop.

According to the latest data from Realtor.com, the number of homes listed for sale in September increased by a surprising 11.6% compared to last year. This rise, fueled by more homeowners seizing the opportunity to sell when rates declined, offers Brookings-area buyers more choices than expected for the fall season. Here’s a look at what this means for buyers and why now might be the ideal time to start your home search.


Why Fall…

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