During their recent meeting, the Federal Reserve (often referred to as "the Fed") reviewed the current economic landscape, including factors such as inflation, employment rates, and overall economic growth. The Fed decreased the central bank's federal fund's rate by 50basis points, reflecting their ongoing strategy to manage economic stability.
According to many experts, the Fed is predicted to continue to shift in this direction.
What This Means for Mortgage Interest Rates:
The Fed doesn’t directly set mortgage rates, but their decisions heavily influence them. In the past month we have seen mortgagerates lower which has resulted in more buyer demand. Inventory levels have also risen in September across Fairfield County but not enough to satisfythe demand.
There will likely be another drop in mortgage rates in the coming weeks, which might make NOW a great time to consider selling, buying or refinancing (depending on your currentrate).
What Should You Do?
If you’re thinking about selling, buying, refinancing your current loan, or simply want to review your options, now is the ideal time.
Let's connect and schedule a strategy call so that we can provide you theinformation you need to make a knowledgeabledecision. We arehere to guide you every step of the way.
Fall Is In The Air …
If you are thinking of selling this winter or in the early part of 2025, NOW is a great time for exterior photos. Let us help you capture a fabulous first impression of your home and help you stand out on-line when you are ready to sell.
As a special offer, we are giving away a FREE professional photo shoot of the exterior of your home to capture it in its best fall light. Contact us at 203-872-9829 to schedule a peak time for your photos. Availability is limited so act fast and book yours today.
Going Above and Beyond for Home Sellers and Buyers Every Day
At Your Home Sold Guaranteed Realty - CT, we pride ourselves on making the process of buying or selling a home as seamless and stress-free as possible. Our team of seasoned real estate agents will guide you through the intricacies of the real estate market, helping you find your dream home or secure the best possible price for your property. Our unique selling point lies in our buyback and satisfaction guarantees. These exclusive offers instill confidence in our buyers and sellers, reassuring them that if their new home falls short of expectations we'll step in and purchase it back within 24 months* or if a seller’s home does not sell in the agreed-upon time frame, we will buy it for cash*.
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