For many would-be homebuyers and sellers, 2024 has been a waiting game.

Overall, both groups are looking for lower interest rates. And while mortgage rates have fallen from their recent highs, they are still dampening affordability for buyers and keeping current owners locked in.  

There's more to the market than meets the eye. We're still helping homeowners and homebuyers every day. And if you need us, we're here to help you too.

Here's our take on where things stand today:

• Homeowners with a mortgage loan have an estimated $16.9 trillion in home equity.* Values are still rising this year, though at a slower pace.
• At their June meeting, the Federal Reserve Board projected two policy rate cuts still to come in 2024. Mortgage rates can fall in anticipation of future Fed action.
• The number of homes for sale hit its highest seasonally adjusted level since mid-2020* More competition can help to keep prices in check.
• The recently released Consumer Price Index shows inflation continuing to cool. Slowing inflation can be good for rates and overall affordability.

Our role in today's environment is to find ways to help our clients move forward, even if the market feels stuck. We help our clients get cash from their equity, access helpful programs, lower their interest rates, and more. 

Let us know how we can help you! 888.616.9885

*June 2024 ICE Mortgage Monitor