Big mortgage changes coming today, on December 15, and they’re a total game-changer! With payments dropping by up to 25% compared to last year, it’s the perfect time to help your clients see what’s possible.
The Big Picture
Imagine a buyer aiming for a $750,000 home with a $50,000 down payment. Last year, at a 6.5% interest rate over 25 years, their monthly payment would’ve been $4,877. Now, with rates around 4.5% and a 30-year term, their payment plummets to $3,657—saving $1,220 a month!
Even better, the annual income needed to qualify has dropped from $164,000 to $126,000. That’s a 23% reduction, making home ownership a reality for many who were previously priced out.
Why This Is Huge
- For Buyers: Lower payments mean affordability. It’s a golden moment for those waiting on the sidelines.
- For Sellers: More buyers entering the market can boost demand and prices. A win-win!
- For Investors: With reduced costs, investing starts making sense again, even for those accepting tight cash flow.
The Ripple Effect
When first-time buyers step in, the whole market shifts. Sellers upgrade, demand rises, and opportunities pop up at every price point. This is the kind of energy the market’s been waiting for!
Time to Act
As a Realtor, now’s your chance to reconnect with past leads and help them seize this opportunity. Whether they’re looking to buy, sell, or invest, 2025 could be their breakthrough year.
If you’re a first-time home buyer, this is your chance to get into the market
Got questions or need resources? Let’s team up and make the most of this market shift!
