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“ASK LAURA ABOUT REAL ESTATE”<br />
What are the mortgage rates really doing?<br />
Are you feeling a bit unsure about what’s really happening with<br />
interest rates? That might be because you’ve heard someone<br />
say they’re coming down. But then you read somewhere else<br />
that they’re up again. And that may leave you wondering what’s<br />
true.<br />
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Laura Harbison BROKER/OWNER<br />
B . 0 0 2 6 5 3 7 . L L C P M . 0 1 6 4 9 2 2 . B K R<br />
Seniors Real Estate Specialist (SRES)<br />
Accredited Buyer Representative (ABR)<br />
Graduate Realtor Institute (GRI)<br />
Equator Platform Platinum Certification<br />
Equator Short Sale Agent Certification<br />
Certified Residential Specialist (CRS)<br />
Advanced Evaluations Certification<br />
At Home With Diversity (AHWD)<br />
Broker Price Opinion Resource (BPOR)<br />
NVS Institute BPO Certification<br />
Five Star BPO Designation<br />
Certified Distressed Property Expert (CDPE)<br />
Resort & Second-Home Property<br />
Specialist (RSPS)<br />
NAWRB Certified Delegate Spokeswoman<br />
Distinguished Real Estate Broker (DRB)<br />
Independently Owned And Operated<br />
Call Laura Today!<br />
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L a u r a H a r b i s o n R e a l E s t a t e . c o m<br />
L a u r a @ H a r b i s o n R e a l E s t a t e . c o m<br />
<strong>March</strong> <strong>2024</strong><br />
The simplest answer is: that what you read or hear will vary<br />
based on the time frame they’re looking at.<br />
Mortgage Rates Are Volatile by Nature<br />
Interest rates don’t move in a straight line. There are too many<br />
factors involved for that to happen. Instead, rates bounce<br />
around because they’re impacted by things like economic<br />
conditions, decisions from the Federal Reserve, and much more.<br />
That means they might be up one day and down the next<br />
depending on what’s going on in the economy and the world as<br />
a whole.<br />
The Big Picture<br />
Mortgage rates are always going to bounce around. It’s just how<br />
they work. When you look at the highest point for mortgage rates<br />
in the past year (October 2023) compared to where rates are<br />
now, you can see they have come down compared to last year.<br />
The interest rates go up and down daily, however experts agree,<br />
overall, that the downward trend could continue this year. That's<br />
good news for both homebuyers and homesellers!<br />
Call me anytime if you have questions about the real estate<br />
market - I'm here to help! My office is open 7 days a week for<br />
your convenience, and I have assembled an amazing team of<br />
professionals to give you the expert advice that you need to<br />
navigate the complexities of today’s unique marketplace.
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