Rates Could Drop Soon, Here's What to Do Now

There’s a lot of buzz right now about interest rates possibly dipping in the near future. Nobody has a crystal ball on what the Fed will do, but here’s what I know: even a small drop can completely change the energy in the market.

So if you’re thinking about making a move, here’s how to play it smart.

Buyers: Position Yourself to Win

When rates fall, the floodgates open with more buyers, more competition, faster deals. The ones who succeed are the ones who are ready before it happens.

Here’s how to get ahead:

• Get pre-approved now. Sellers take you seriously when you walk in with that letter in hand.

• Know your numbers. Lock in your monthly comfort zone today, then run them again if rates shift.

• Move fast. The best homes don’t sit around. Have your paperwork ready so you can make your move when the right one hits.

Sellers: Don’t Just Wait Around

Yes, lower rates could bring more buyers, but it could also bring more competition from other sellers. Timing matters.

Here’s why acting now can work in your favor:

• Motivated buyers are already in the market. They don’t want to wait.

• Inventory could surge later. More listings equals more noise. You want your home to stand out now.

• Pricing is everything. A sharp price today can spark real interest, even multiple offers, before the market heats up.

Bottom Line

Don’t get stuck trying to “time the market.” Focus on being prepared. If rates move, you’ll already be positioned to make the smartest move for your goals.