Mortgage rates moved fast this week, and that matters for both buyers and Realtors.
In this Saturday Strategy video, I break down what changed in the market, including oil prices, the 10-year Treasury, and why rates have started moving back up after hitting recent lows. More importantly, I talk about what to do with that information so you can help clients make smart decisions instead of getting caught off guard.
The biggest takeaway: a pre-approval letter is not the full strategy. In a changing rate environment, buyers need a real mortgage plan that can adjust as payments, price points, and goals change.
In this video, I cover:
-Why rates moved higher
-What Realtors should communicate to buyers right now
-How to avoid surprises when clients go to lock a rate
-Why mortgage strategy matters more than simply getting pre-approved
-How shifting rates can also impact buyer competition
Thanks for watching!
- Kevin
