Andy Medina - Las Vegas Realtor

  Should I Wait for Mortgage Rates To Come Down Before I Move? If you’ve got  a move  on your mind, you may be wondering whether you should wait to sell until  mortgage rates  come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower the buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold. But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The  graph below  helps give you a visual of how this relationship works and ...

  What’s the Latest with Mortgage Rates? Recent headlines may leave you wondering what’s next for  mortgage rates .  Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the  Federal Reserve  (the  Fed ) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the  Fed  met last week, a cut didn’t happen — at least, not yet.  There are a lot of factors the  Fed  considered in their recent decision and most of them are complex. But you don’t need to be bogged down by those  finer details . What you really want is the answer to this question:  does that mean  mortgage rates  aren’t going to fall?  Here’s what you need to know.   Mortgage Rates Are Still Expected To Drop This Year While it hasn’t happened yet, that doesn’t mean it won’t. ...