Rates Have Dipped!!! (June 20th Update)

When mortgage rates dip — even just a little — it creates a ripple effect across the real estate market. Whether you're thinking about buying your first home or selling your current one, a small drop in interest rates can open up major opportunities. Here’s what you need to know if you're in the Olympia, Lacey, or Shelton area.

📉 For Buyers: Increased Affordability + More Options

A lower interest rate can make a big difference in your monthly payment — and potentially increase your buying power. That means you might be able to afford a home that was slightly out of reach just a few weeks ago.

Here’s an example:
If rates drop from 7% to 6.5% on a $400K home, your monthly mortgage payment could decrease by $100–$150 per month. Over the life of your loan, that’s thousands in savings.

Plus, when rates dip, some buyers who were on the fence jump back in. If you’ve been waiting for a sign to get moving, this might be it — before competition ramps up.

🏡 For Sellers: A Window to Attract More Buyers

As rates improve, more buyers come off the sidelines. That’s great news if you’re a seller — more buyers means more showings, more offers, and potentially a quicker sale at a stronger price.

Even if you’re not ready to sell immediately, it’s a good time to prepare. With rates attracting attention, marketing your home correctly can bring in serious, qualified buyers who are motivated to make a move now before rates bounce back up.

⚖️ The Market Is Moving — Are You?

Small rate drops don’t always last long, and timing can make all the difference. Whether you're looking to buy with better monthly payments or sell while buyer activity is on the rise, now is a moment worth exploring.

If you're even considering a move, let’s talk. I can break down what this shift means for you personally and help you figure out the right timing and strategy — no pressure, just info.

Want a quick market update or personalized game plan?
Reach out anytime 574-370-4307

— I’ve got your back whether you're buying, selling, or just curious.