The fall market is currently playing in favor to buyers, as the sell-off in the stock market has
rates going lower than what we saw early in the year.
What does that all mean for buyers? More buying power!
In this same scenario, there is also a perceived increase in buying power due to the loan amount
that a client may qualify for, as seen below. With this significant change to rates your borrower, under
certain circumstances, will have an increase of around $70,000 to their bottom line giving you the
ability to put them in a larger home.
Many renters are finding this is a great time to stop throwing away their money each month, and
to instead buy a home. Although home prices are still rising, the gains have been cooling, and it’s
an important time to take advantage of the low rates.