New Listing! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES DELTA-GARNET MESA $435,000 244 Cedar Street 4 Beds 2 Baths 1872 sqft Linda Stell 970.417 8082 1.4 Acres! MONTROSE $540,000 60719 Kansas Road 4 Beds 13 Baths 11.806 sq. ft.. Linda Steil 970.417 8082 New Listing! Price Improvement! MONTROSE $429,000 67517 Leadville Court 3 Beds 2 Baths 11538 sq ft Don Bailey, 970.209.8257 MONTROSE-COMMERCIAL OPPORTUNITY $499.500 317 N 7th Street 1 Bath 12,000 sq.ft. Linda Stel, 970.417 8082 MONTROSE-AMERICAN VILLAGE $1,050,000 1839 Senate Street 4 Beds 13 Baths 13.152 sq ft. Kree Christie, 970 275.3163 MORTGAGE RATES DOWN A FULL PERCENT FROM RECENT HIGH Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability And if you're someone who's looking to make a move, you've probably been waiting eagerly for rates to come down for that very reason. Well, the past few weeks are any indication you may be getting your wish MORTGAGE RATES TREND DOWN IN RECENT WEEKS There's big news for mortgage rates after the latest reports on the economy, nation, the unemployment rate, and the Federal Reserve's recent comments mortgage rates started dropping a bit. And according to Freddie Mac, they're now at a level we haven't seen since February Maybe you're seeing this and wondering if you should ride the wave and see how low they go if that's the case. here's some important perspective Remember the record-low rates from the pandemic are a thing of the past if you're holding out hope to see a 3% mortgage rate again you're waiting for something experts agree won't happen. As Greg McBride Chief BOTTOM LINE MONTROSE-THE BRIDGES $899.990 2900 Sleeping Bear Road 4 Beds 2 Baths 2.579 sq. ft. Kree Christle, 970 275 318! Financial Analyst at Bankrate says "The hopes for lower interest rates need the reality check that lower doesn't mean we're going back to 3% mortgage rates the best we may be able to hope for over the next year is 55 to 6%" And with the decrease in recent weeks, you've got a big opportunity in front of you right now it may be enough fo you to want to jump back in THE RELATIONSHIP BETWEEN RATES AND DEMAND If you wait for mortgage rates to drop further, you might find yourself dealing with more competition as other buyers re-ignite their home searches too In the housing market, there's generally a relationship between mortgage rates and buyer demand Typically, the higher rates are, the lower buyer demand is. But when rates start to come down things change Buyers who were on the fence over higher rates will resume their searches Here's what that means for you. As a recent article from Bankrate says "If you're ready to buy, now might be the time to strike. Home prices have been rising primarily because of a longstanding shortage of homes for sole That's unlikely to change and if mortgage rates do fall below 6% it's possible buyers would enter the market en masse, further pushing up prices and resurrecting bidding wars If you've been waiting to make your move the recent downward trend in mortgage rates may be enough to get you off the sidelines Rates have hit their lowest point in months and that gives you the opportunity to jump back in before all the other buyers do too. 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 Kechfuss Knee Christie, Linda Stell, Makaya Cervone, Michael Scott Dosch, Heidi Lutz, Mendi Sepah and Donna Justin New Listing ! BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES DELTA - GARNET MESA $ 435,000 244 Cedar Street 4 Beds 2 Baths 1872 sqft Linda Stell 970.417 8082 1.4 Acres ! MONTROSE $ 540,000 60719 Kansas Road 4 Beds 13 Baths 11.806 sq . ft .. Linda Steil 970.417 8082 New Listing ! Price Improvement ! MONTROSE $ 429,000 67517 Leadville Court 3 Beds 2 Baths 11538 sq ft Don Bailey , 970.209.8257 MONTROSE - COMMERCIAL OPPORTUNITY $ 499.500 317 N 7th Street 1 Bath 12,000 sq.ft. Linda Stel , 970.417 8082 MONTROSE - AMERICAN VILLAGE $ 1,050,000 1839 Senate Street 4 Beds 13 Baths 13.152 sq ft . Kree Christie , 970 275.3163 MORTGAGE RATES DOWN A FULL PERCENT FROM RECENT HIGH Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability And if you're someone who's looking to make a move , you've probably been waiting eagerly for rates to come down for that very reason . Well , the past few weeks are any indication you may be getting your wish MORTGAGE RATES TREND DOWN IN RECENT WEEKS There's big news for mortgage rates after the latest reports on the economy , nation , the unemployment rate , and the Federal Reserve's recent comments mortgage rates started dropping a bit . And according to Freddie Mac , they're now at a level we haven't seen since February Maybe you're seeing this and wondering if you should ride the wave and see how low they go if that's the case . here's some important perspective Remember the record - low rates from the pandemic are a thing of the past if you're holding out hope to see a 3 % mortgage rate again you're waiting for something experts agree won't happen . As Greg McBride Chief BOTTOM LINE MONTROSE - THE BRIDGES $ 899.990 2900 Sleeping Bear Road 4 Beds 2 Baths 2.579 sq . ft . Kree Christle , 970 275 318 ! Financial Analyst at Bankrate says " The hopes for lower interest rates need the reality check that lower doesn't mean we're going back to 3 % mortgage rates the best we may be able to hope for over the next year is 55 to 6 % " And with the decrease in recent weeks , you've got a big opportunity in front of you right now it may be enough fo you to want to jump back in THE RELATIONSHIP BETWEEN RATES AND DEMAND If you wait for mortgage rates to drop further , you might find yourself dealing with more competition as other buyers re - ignite their home searches too In the housing market , there's generally a relationship between mortgage rates and buyer demand Typically , the higher rates are , the lower buyer demand is . But when rates start to come down things change Buyers who were on the fence over higher rates will resume their searches Here's what that means for you . As a recent article from Bankrate says " If you're ready to buy , now might be the time to strike . Home prices have been rising primarily because of a longstanding shortage of homes for sole That's unlikely to change and if mortgage rates do fall below 6 % it's possible buyers would enter the market en masse , further pushing up prices and resurrecting bidding wars If you've been waiting to make your move the recent downward trend in mortgage rates may be enough to get you off the sidelines Rates have hit their lowest point in months and that gives you the opportunity to jump back in before all the other buyers do too . 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 Kechfuss Knee Christie , Linda Stell , Makaya Cervone , Michael Scott Dosch , Heidi Lutz , Mendi Sepah and Donna Justin