Last week, the 30-year fixed mortgage rate dropped to 6.09% after the Fed cut rates by half a point. Some experts believe that once rates fall below 6%, we could see a flood of buyers re-enter the market! 
Rates have already been dropping in anticipation, but the full impact of the Fed’s move will be felt in the coming weeks. 
Keep in mind, the rate cut doesn’t directly lower mortgage rates but influences bond markets, which eventually migrates to mortgage rates. More benefits are likely coming in the next few weeks for those waiting to lock in an amazing rate! 
With so much happening in the world (elections, regional conflicts, etc.), securing a low rate in the coming weeks could be the smartest move. Reach out to your mortgage broker today to discuss your options & learn how you can lock in your savings! 
Your Realtor & mortgage broker are the best guides through a tough Real Estate market & both should be ready to help you navigate the market & get the best mortgage rate info possible. Don’t wait—contact them now! 
And most importantly, Have Fun Doing It!
Lew McConkey,
Brook Realty, Serving Whitman Hanson & Surrounding Towns
(781)252-9789
If you have questions about your place in the current Real Estate market, as a buyer, seller or Landlord,
Please feel free to call text or email for your free, no obligation consultation.