Mark Knows Houston

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Blast from the past!! 5 years ago. Who is that handsome Realtor?!! 🤔

Mark McNitt | Bernstein Realty

🚨 Friday Mortgage Rate Update 📈🏡

All lights are red this week… mortgage rates are creeping upward again. 😬 Combined with higher prices and affordability challenges, our typical busy spring market is feeling unusually quiet. But here’s the twist many buyers are missing… 👀

This may actually create an opportunity. 💡Yes, higher rates can sting. BUT…
➡️ Sellers may be more flexible on price
➡️ Seller incentives and concessions are becoming more common
➡️ Rate buydowns can help lower monthly payments

And at the end of the day, your MONTHLY PAYMENT matters more than the headline interest rate. 🎯
Waiting for “perfect timing” can sometimes mean competing with everyone else later. Right now? Buyers may have more negotiating power, less competition, and more options. 🏡

The key is understanding your options before the perfect home pops up. Let’s put together a game plan. 📲

Mark McNitt | Bernstein Realty