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To Buy or not to Buy?

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  Wondering If You Should Still Buy a Home Right Now? Here’s What To Keep in Mind.   With economic headlines, global events, and near constant talk about affordability, you may be wondering if this is the right time to move. But here’s what you need to remember.   While recent events do have some impact on the housing market, they don’t take buying off the table. You just have to use a different strategy.   Mortgage Rates Have Been Up Slightly – Here's Why After trending down for most of 2025, mortgage rates have been higher again for over roughly a month now. And experts say it’s a result of what's happening overseas and in the broader economy. As Mark Fleming, Chief Economist at  First American ,  explains :   “Mortgage rates have recently moved higher, driven by geopolitical uncertainty and rising energy costs that are contributing to inflation concerns.”   But what does that  really  mean for you? Should you wait for everything to se...
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Mortgage rates just hit a 3-year low, dipping into the low 6% range (some reports show ~6.0-6.1% recently). That's huge after 7%+ last year! Why it matters: Monthly payments drop big time (e.g., $400k loan saves ~$300/mo vs 7%) More buying power → afford better homes/locations NAR data: 6% unlocks affordability for ~5.5M more households; ~550k likely buy in 12-18 months Pent-up demand is waking up—get pre-approved & run the numbers now before competition heats up. Rates won't stay this low forever! If buying felt out of reach, it's worth another look. What's your next move? #MortgageRates #HomeBuying Call Dan & Lisa at The Basil Group for more info and homebuyer assistance programs!  612 280-5046
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Mortgage Rates Just Saw Their Biggest Drop in a Year

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    You’ve been waiting for what feels like forever for mortgage rates to finally budge. And last week, they did – in a big way.   On Friday, September 5 th ,  the average 30-year fixed mortgage rate fell to the  lowest level  since October 2024. It was the biggest one-day decline in over a year.   What Sparked the Drop? According  to  Mortgage News Daily,  this was a reaction to the August jobs report, which came out weaker-than-expected for a second month in a row. That sent signals across the financial markets, and then mortgage rates came down as a result.   Basically, we're seeing signs the economy may be slowing down, and as certainty grows in the direction the economy is going, the markets are reacting to what is likely ahead. That historically brings mortgage rates down.   Why Buyers Should Pay Attention Now But this isn’t just about one day of headlines or one report. It’s about what the drop means for you.   This...
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Today’s Tale of Two Housing Markets Summer 2025

  Today’s Tale of Two Housing Markets   Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is that local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets.   What’s a Buyer’s Market vs. a Seller’s Market? In a  buyer’s market , there are more homes for sale and not as many buyers. That means homes sit longer, buyers have more negotiating power, and prices  tend to soften as a result. It’s simple supply and demand.   On the flip side, a  seller’s market  happens when there aren’t enough homes available for the number of people looking to buy them. Because buyers have to compete with each other to get the house they want, that leads to faster sales, multiple offers, and rising prices.   Right now, both of these scenarios are playing out, depending on where you are.  So...
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