New Listing! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES Under Contract in 9-days! MONTROSE $624,900 2301 Major Lane 3 Beds 2 Baths 11.971 sq. ft. The Unrein Team, 970 200 99476 970 596 5748 24+ Acres! OLATHE $465,000 55232 Hickory Road 3 Beds 2 Baths 11,573 sq. ft. Autumn Barrett 970.318.0708 The amount of New Listings in Montrose have increased over 5% compared to last year. If you'd like more information about the value of your home, give us a call today. 5% MONTROSE $540,000 62297ida Road 2 Beds 12 Baths 11.872 sqft. Donna Harville Justin 970 236.8316 WORRIED ABOUT MORTGAGE RATES? That's why it's even more important to maintain a good credit score right now with rates where they are you want to do what you can to get the best rate possible if you want to focus on improving your score your trusted CONTROL THE CONTROLLABLES loan officer can give you expert advice to help Chances are you're hearing a lot about mortgage rates right now. You may even see some headlines talking about last week's Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn't determine mortgage rates, even if the headlines make it sound like they do The truth is mortgage rates are impacted by a lot of factors geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky That's why it's generally not worth it to try to time the market. There's too much at play that you can't control The best thing you can do is control the controls And when it comes to rates, here's what you can influence to make your moving plans areality. YOUR CREDIT SCORE Credit scores can play a big role in your mortgage rate. As an article from CNET explan "You can't control the economic factors influencing interest rates. But you can get the best rate for your situation, and improving your credit score is the right place to start Lenders look at your credit score to decide whether to approve you for a loan and at what interest rate. A higher credit score can help you secure a lower interest rate, maybe even better than the average YOUR LOAN TYPE There are many types of loans, each offering different terms for qualified buyers. The Consumer Financial Protection Bureau (CFPB) says: There are several broad categories of mortgage loons, such as conventional FHA, USDA and VA loans Lenders decide which products to offer, and loan types have different eligibility requirements Rates can be significantly different depending on what loan type you choose When working with your team of real estate professionals make sure you find out what's available for your situation and which types of loans you may qualify for YOUR LOAN TERM Another factor to consider is the term of your loan Just like with loan types, you have options Freddie Mac says "When choosing the right home loan for you, it's important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate monthly payment, and the total amount of interest you will pay over the life of the loon" Depending on your situation, the length of your loan can also change your mortgage rate. BOTTOM LINE Remember, you can't control what happens in the broader economy. But you can control the controllables Work with a trusted lender to go over the things you can do that make a difference. By being strategic with these factors, you may be able to combat today's higher rates and lock in the lowest one you can bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein, Brian Unrein Autumn Barrett, Don Bailey. Jeff Keenfuss, Kree Christie, Linda Stel, Makaya Cervone, Michael Scott Dosch, Heidi Lutz Mehd Sepah, and Donna Justin New Listing ! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES Under Contract in 9 - days ! MONTROSE $ 624,900 2301 Major Lane 3 Beds 2 Baths 11.971 sq . ft . The Unrein Team , 970 200 99476 970 596 5748 24+ Acres ! OLATHE $ 465,000 55232 Hickory Road 3 Beds 2 Baths 11,573 sq . ft . Autumn Barrett 970.318.0708 The amount of New Listings in Montrose have increased over 5 % compared to last year . If you'd like more information about the value of your home , give us a call today . 5 % MONTROSE $ 540,000 62297ida Road 2 Beds 12 Baths 11.872 sqft . Donna Harville Justin 970 236.8316 WORRIED ABOUT MORTGAGE RATES ? That's why it's even more important to maintain a good credit score right now with rates where they are you want to do what you can to get the best rate possible if you want to focus on improving your score your trusted CONTROL THE CONTROLLABLES loan officer can give you expert advice to help Chances are you're hearing a lot about mortgage rates right now . You may even see some headlines talking about last week's Federal Reserve ( the Fed ) meeting and what it means for rates . But the Fed doesn't determine mortgage rates , even if the headlines make it sound like they do The truth is mortgage rates are impacted by a lot of factors geo - political uncertainty , inflation and the economy , and more . And trying to pin down when all those factors will line up enough for rates to come down is tricky That's why it's generally not worth it to try to time the market . There's too much at play that you can't control The best thing you can do is control the controls And when it comes to rates , here's what you can influence to make your moving plans areality . YOUR CREDIT SCORE Credit scores can play a big role in your mortgage rate . As an article from CNET explan " You can't control the economic factors influencing interest rates . But you can get the best rate for your situation , and improving your credit score is the right place to start Lenders look at your credit score to decide whether to approve you for a loan and at what interest rate . A higher credit score can help you secure a lower interest rate , maybe even better than the average YOUR LOAN TYPE There are many types of loans , each offering different terms for qualified buyers . The Consumer Financial Protection Bureau ( CFPB ) says : There are several broad categories of mortgage loons , such as conventional FHA , USDA and VA loans Lenders decide which products to offer , and loan types have different eligibility requirements Rates can be significantly different depending on what loan type you choose When working with your team of real estate professionals make sure you find out what's available for your situation and which types of loans you may qualify for YOUR LOAN TERM Another factor to consider is the term of your loan Just like with loan types , you have options Freddie Mac says " When choosing the right home loan for you , it's important to consider the loan term , which is the length of time it will take you to repay your loan before you fully own your home . Your loan term will affect your interest rate monthly payment , and the total amount of interest you will pay over the life of the loon " Depending on your situation , the length of your loan can also change your mortgage rate . BOTTOM LINE Remember , you can't control what happens in the broader economy . But you can control the controllables Work with a trusted lender to go over the things you can do that make a difference . By being strategic with these factors , you may be able to combat today's higher rates and lock in the lowest one you can bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers Call one of our trusted real estate brokers Trena Unrein , Brian Unrein Autumn Barrett , Don Bailey . Jeff Keenfuss , Kree Christie , Linda Stel , Makaya Cervone , Michael Scott Dosch , Heidi Lutz Mehd Sepah , and Donna Justin