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Tiny Rates = Big Moves

  • Writer: Connor Johnston
    Connor Johnston
  • 2 days ago
  • 1 min read

Hey, it’s Connor.


Mortgage rates just moved from 6.26% to 6.30% this week.


Sounds tiny.


But here’s the thing most people miss.


Small changes in rates can make a huge difference in how much home you can actually afford.


📉 When rates drop, your monthly payment gets smaller…

📈 When rates go up, even a little, buyers lose buying power…


Right now, rates are still near their lowest point in almost a year.


Because of that, more people are entering the market.


Buyer applications are up 18%, and refinances are up 42% compared to last year.


So, what’s the move?


Buyers should run the numbers today and see where their budget lands.


For sellers, that means more buyers are jumping in which means more competition for your home.


This window we’ve got right now could be the opening you’ve been waiting for.


— Connor

Your NJ Shore Real Estate Guide


P.S. Want me to show you what today’s rates mean for your budget (in plain English, no boring charts)? Just reply and I’ll break it down.


 
 
 

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