Rates Improvement for the best!

[Mark Mazzucco]

Hi all - Positive days ahead...we have already seen rates move away from the 8s back into the mid to upper 6s lately, so as long as we can keep positively trending rates for the better there will be some interesting movement with properties hopefully. 

A lot of people are predicting rates to be back in the 5s in the next 12 months...and it will be very interesting to see what happens to home prices since that would drive more buyers again.

I know the last few deals I got under contract with my clients last week, we have seen anywhere from 1-3% in concessions and price reductions, so very strong buyers market since there is not a lot of buyers out there...I know I personally just bought with the thought process that as rates pull back, the home prices will go up with more buyers. We will see! But I know I can live with a rate in the 6s for now for at least a year or so to see where things go.

Hope you all enjoy the thoughts about market moves.