For the first time since September 2022, the average 30-year fixed mortgage rate is in the 5's! For context, just one year ago the average 30 year rate was in the high 6's.
This drop is meaningful. Lower rates increase purchasing power, and we are already seeing buyers re-engage and submit strong, confident offers.
Spring is shaping up to be competitive. Getting pre-approved now to position yourself to move quickly.
