The Headlines Say Rates Moved

The headlines say rates moved. Here's what that actually means for you...⁣⁣
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First, the truth. Rates move constantly. The headline is almost always louder than the real hit to your monthly budget. ⁣⁣
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The 1% rule of thumb: a 1% move in rates shifts your buying power by roughly 10%. Real, but smaller than the headline makes it feel.⁣⁣
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What a small move actually looks like: on a $300K loan, a 0.25% change runs about $50 a month. This is an example, of course; something to plan around, but not worthy of panic.⁣⁣
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Something to consider: When rates drop, your budget can grow - and, so does everyone else's. Lower rates often translate to more buyers competing. What truly matters is the right home for your timeline and your goals. Rates set the backdrop. They need not determine the home you land in.⁣⁣
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Knowledge is power. Once you and your lender know what you qualify for today, every rate headline becomes easier to understand. You'll know exactly how much it impacts you ~ or doesn't.⁣⁣
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Pondering a move? Get in touch with us! We'll line up your real numbers with what's actually on the market.⁣⁣
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