Eldridge Recasner Realtor

Real Estate News You Can Use

Good news for Buyers and those of you that have mortgages over 7%. Mortgage rates are around 6.20% nationally which means it’s a great time to refinance a loan over 7% and if you are a Buyer purchase a home…

The Fed is expected to cut rates again at their next 2 meeting before the end of the year and I’m sure a lot of folks will want to wait until that happens.

Great for refinancers👍🏾

But…

If you are a Buyer lower rates will the competition tougher🤷🏾‍♂️ So, if you see a home you like now you might want to jump on it cause if mortgage drop below 6% I’m sure we will see a multiple offer market again.

At least here in crazy expensive Seattle and Bellevue, Washington.

Redfin (@Redfin) on X

REAL ESTATE NEWS YOU CAN USE:

Only 2.5% of homes in the country changed hands (were sold) in 2024!

Me and my assistant Momma Joyce chillin in this Open House😊

My Open House today and tomorrow from 1-4pm.

15741 NE 14th Alley
Bellevue, WA 98008

3 bedrooms, 3.75 baths with 1800 sq ft listed at $1,329,950!

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