With the government shutdown now in the rearview and private-sector data showing a slowdown in job hiring, the market is heading into winter with a renewed sense of confidence. Rates have already edged down this week as analysts increasingly expect the Fed to consider another cut when it meets in December.
At the same time, buyers are coming back. This year has marked the strongest start to November since 2022, with purchase applications up 31% year-over-year. Even with rates still in the low 6’s, buyers are taking advantage of the winter window: more inventory, less competition, and more flexibility from sellers.
With the data softening just enough to give buyers confidence, while also signaling that we likely won’t see another big drop in rates soon, this is the moment many buyers have been waiting to see.
We’re available to get you pre-approved and into a home today!
