[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f27h5uphgdj6yf":3,"$f2emv3tus0uf1":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},4552,"lower-mortgage-rates-are-bringing-buyers-back-to-the-market","Lower Mortgage Rates Are Bringing Buyers Back to the Market","As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F30122511\u002Flower-mortgage-rates-are-bringing-buyers-back-to-the-market-KCM.jpg","\u003Cp>As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.\u003C!--more-->\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>Now, however, rates are beginning to come down—and \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F26\u002Fwhy-it-makes-sense-to-move-before-spring\u002F\">buyers\u003C\u002Fa> are starting to reenter the market. In fact, the latest data from the \u003Cem>Mortgage Bankers Association \u003C\u002Fem>(MBA) shows \u003Ca href=\"https:\u002F\u002Fwww.mba.org\u002Fnews-and-research\u002Fnewsroom\u002Fnews\u002F2023\u002F01\u002F25\u002Fmortgage-applications-increase-in-latest-mba-weekly-survey\">mortgage applications\u003C\u002Fa> increased last week by 7% compared to the week before.\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Cp>So, if you’ve been planning to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F30\u002Fwhere-will-you-go-if-you-sell-you-have-options\u002F\">sell your house\u003C\u002Fa> but you’re unsure if there will be anyone to buy it, this shift in the market could be your chance. Here’s what experts are saying about buyers returning to the market as we approach spring.\u003C\u002Fp>\u003Cp>\u003Ch5>\u003Cstrong>Mike Fratantoni, SVP and Chief Economist, \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fwww.mba.org\u002Fnews-and-research\u002Fnewsroom\u002Fnews\u002F2023\u002F01\u002F18\u002Fmortgage-applications-increase-in-latest-mba-weekly-survey\">\u003Cstrong>MBA\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>:\u003C\u002Fstrong>\u003C\u002Fh5>\u003C\u002Fp>\u003Cp>\u003Cblockquote>\u003Cem>“\u003Cstrong>Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall\u003C\u002Fstrong>. As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003C\u002Fp>\u003Cp>\u003Ch5>\u003Cstrong>Lawrence Yun, Chief Economist, \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Ftwitter.com\u002FNAR_Research\u002Fstatus\u002F1597970968298782720?s=20&t=RM8XMxPm_1ZkD0xfSe4N6Q\">\u003Cstrong>\u003Cem>National Association of Realtors\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong> (NAR):\u003C\u002Fstrong>\u003C\u002Fh5>\u003C\u002Fp>\u003Cp>\u003Cblockquote>\u003Cem>“\u003Cstrong>The upcoming months should see a return of buyers\u003C\u002Fstrong>, as mortgage rates appear to have already peaked and have been coming down since mid-November.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003C\u002Fp>\u003Cp>\u003Ch5>\u003Cstrong>Thomas LaSalvia, Senior Economist, \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Fwww.newsweek.com\u002Fhousing-market-reckoning-wont-provide-salvation-homebuyers-1774415\">\u003Cstrong>\u003Cem>Moody’s Analytics\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>:\u003C\u002Fstrong>\u003C\u002Fh5>\u003C\u002Fp>\u003Cp>\u003Cblockquote>\u003Cem>\"We expect the labor market to remain robust, wages to continue to rise—maybe not at the pace that they did during the pandemic, but that will open up some opportunity for folks to enter homeownership as interest rates stabilize a bit.\"\u003C\u002Fem>\u003C\u002Fblockquote>\u003C\u002Fp>\u003Cp>\u003Ch5>\u003Cstrong>Sam Khater, Chief Economist, \u003C\u002Fstrong>\u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F26516\u002Fpdf\">\u003Cstrong>\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003Cstrong>:\u003C\u002Fstrong>\u003C\u002Fh5>\u003C\u002Fp>\u003Cp>\u003Cblockquote>\u003Cem>“Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market.”\u003C\u002Fem>\u003C\u002Fblockquote>\u003C\u002Fp>\u003Cp>\u003C\u002Fp>\u003Ch3>Bottom Line\u003C\u002Fh3>\u003Cp>\r\nIf you’ve been thinking about making a move, now’s the time to get your house \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F23\u002Fwant-to-sell-your-house-price-it-right\u002F\">ready to sell\u003C\u002Fa>. Let’s connect so you can learn about buyer demand in our area the best time to put your house on the market.\u003C\u002Fp>","\r\nIf you’ve been thinking about making a move, now’s the time to get your house \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2023\u002F01\u002F23\u002Fwant-to-sell-your-house-price-it-right\u002F\">ready to sell\u003C\u002Fa>. Let’s connect so you can learn about buyer demand in our area the best time to put your house on the market.",false,[16,20],{"id":17,"name":18,"slug":19},6,"For Sellers","sellers",{"id":21,"name":22,"slug":23},38,"Move-Up","move-up","2023-01-31T11:30:30Z","2023-02-03T15:33:27Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},4549,"where-will-you-go-if-you-sell-you-have-options","Where Will You Go If You Sell? You Have Options.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F26201334\u002Fwhere-will-you-go-if-you-sell-you-have-options-KCM.jpg","2023-01-30T11:30:23Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},4557,"should-you-rent-your-house-or-sell-it","Should You Rent Your House or Sell It?","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2023\u002F01\u002F31113416\u002Fshould-you-rent-your-house-or-sell-it-KCM.jpg","2023-02-01T11:30:15Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[43,47,51,52,56,60,64,68,72,76,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":48,"name":49,"slug":50},5,"For Buyers","buyers",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":65,"name":66,"slug":67},11,"First-Time Buyers","first-time-buyers",{"id":69,"name":70,"slug":71},34,"Senior Market","senior-market",{"id":73,"name":74,"slug":75},35,"Mortgage Rates","mortgage-rates",{"id":21,"name":22,"slug":23},{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]