Hops & Homes

Fed cuts rates .25% - mortgage rates go up (again)?

Markets had already priced in the .25% cut (there was a 97% chance of this exact rate cut, according to the markets).

What the market did not foresee was the guidance that 2025 Fed rate cuts will most likely be .50%, instead of the previously expected 1.0%.

The bond market did not like this information, and mortgage rates are worse than when we started the day.

With light volume moving forward due to the holidays, don't expect much change (unless it's continued downside pressure) until we see employment figures in a couple of weeks, the new administration takes office, and we continue to see how inflation reports fare over the next month (or two or three).

Have an awesome holiday - get ready for what we predict will be a VERY productive 2025. If you're interested in buying real estate next year and you don't have a plan, reach out and we'd love to talk about what we're doing/seeing for the new year.

Hint: get your finances in order and work with a reputable local lender to ensure you have the best offer in what we believe will be a competitive market - less competition now, so what are you waiting for??

We'll be in Newberg on February 20th, stay tuned for details/registration information!

******UPDATE to the date of event, now it will be 11/6!

Hey Newberg!

We're hosting a homebuyer meeting on 11/6 at 6:30 at Chehalem Valley Brewing.

Use the link to register (we're getting the date corrected, it may currently show 10/30, but we won't be there until 11/6).

Come out and learn about the local real estate market, meet Quinn Smalling-Realtor, and have a beverage and a snack on us!
Laid back environment to ask questions about the process, the market, and how you can meet your homeownership/real estate goals sooner than later!

See you there.
https://hopsandhomes.net/ #

Hops and Homes: Real Estate and Brews | What More Could You Ask For? Welcome to Your Home Ownership Journey! Embarking on the path to homeownership can be both thrilling and daunting. That’s why Brady Wilson at Wilson Mortgage Group, an expert mortgage loan officer, teams up with local experts to guide you through the entire process in an hour-long, power-packed Ho...

The Fed Cut Rates by a half percent! So, what does that mean for you?

"I want to buy a home!" If you are looking to buy your home, mortgage rates have come down the last 30 days. We have been updating personalized Buyer's Guide sites as fast as possible. If you want me to update it today, email me and we will get you the most up to date details.

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"Should I Refinance Now, or Wait? If you want to see if you should refinance, email me your current mortgage statement and we will build out your Mortgage Review Site. Some people have a massive benefit right now and should refinance; others should hold off. We need to see if it's right for you.

"What happens to my HELOC?" If you have a HELOC (Home Equity Line of Credit), your payments should go down automatically starting in October or November, depending on the company you have it with.

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"What will the impact be to the housing market?" Since so many people have a misconception of what the Fed Rate cut is, there will be a lot more people jumping into buy homes, creating more competition. Don't let that scare you! We love to fight and win homes for you. My favorite thing is beating out other offers.

I'm sure you have questions and may be confused on what's happening in the market and how this Fed Rate Cut impacts you. I'm here to help!

Call, email, or text me anytime

We still have a few spots left - join us tomorrow night for our Hops & Homes Investor Edition, w/Melissa Hartvigsen!

Hops & Homes - Landlording Your Way to Retirement Come ready with your real estate investment questions, and have a pint and a slice on us!

Happy New Year!

We're excited to announce our 2nd event of 2023 on January 25th at 6:30pm - details below and via link in comments.

PLEASE RSVP

*This is an educational opportunity for anyone who expresses interest in owning investment property. This is not a CE class, so no realtors or lenders, please!

We're back in October! Our "Investor Edition" had such strong demand that we're hosting it again!

Link to register is in the comments.

**no real estate agents or lenders, please - we'd love to collaborate if you're interested, just let us know, but these events are for non-industry participants, thanks!