Mortgage rates aren’t random. They’re affected by 2 numbers. The 10-year treasury yield and something called "the spread." That's the gap between the 10-year treasury yield and mortgage rates, and it usually sits around 1.76 percentage points. Back in 2023, the gap in the spread ballooned up to 3.19 in response to economic uncertainty. If it were still that wide today, rates would be pushing almost 8%. But the good news is the gap has narrowed to 2.01 (a lot closer to the long-term norm). And that’s a big positive for rates. It’s why today’s mortgage rate is in the upper 6s instead of touching 8%. Here's the part a lot of people miss. Where rates are right now are already pretty close to what a totally normal spread would produce – a mortgage rate around 6.5%. In other words, the fact that the spread has narrowed in recent years has helped mortgage rates. Sure, they’re still higher than... #MortgageRates #HousingMarket Susan Adams - Coldwell Banker West - DRE#01994357

Happy 4th birthday, Yogi! 🐶🎂💛

Here’s Why Mortgage Rates Are What They Are Right Now That’s the trade-off with a narrowing spread. Rates may not be where you want them, but they're better than they could've been. If you want help figuring out what that means for your monthly payment, reach out to a local lender #MortgageRates #HousingMarket Susan Adams - Coldwell Banker West - DRE#01994357

Repeat buyers, you’ve got a big leg up on your next move. It’s your equity, the difference between what your house is worth and what you still owe on your mortgage. Sell, and that equity turns into cash you can roll right into your next down payment. That’s how a lot of repeat buyers put down 20% or more. But why do they, especially when they don’t necessarily have to? Because putting more down saves you money in the long run. A bigger down payment means a smaller loan, so your monthly payment is lower and you’re paying less interest over time. You can also skip private mortgage insurance, or PMI, which is an additional monthly fee required for loans with less than 20% down. Talk to a trusted lender to figure out what down payment makes the most sense for your budget. And when you’re ready to kick start your move, let’s talk. #DownPayment #HomeBuyingTips Susan Adams - Coldwell Banker West - DRE#01994357

Congratulations to my clients on their new home in Carlsbad! 🏡⁣ ⁣ With beautiful ocean and lagoon views, this one was hard to pass up. I’m so happy we were able to put everything together and get it closed so quickly! ⁣ Thank you for trusting me throughout the process. I’m excited for you to enjoy your new home and those incredible views! ❤️⁣ ⁣ Susan Adams | Realtor®⁣ Coldwell Banker West⁣ 619-730-8982⁣ www.SusanSellsSD.com⁣ DRE#01994357⁣ .⠀⁣ .⠀⁣ #findingyourhappyplace #sandiegorealtor #susansellssd #susanadamsrealtor

A lot of buyers are waiting because they think mortgage rates will drop dramatically. The problem? That's not what today's forecasts say is going to happen. Experts believe mortgage rates will actually stay in the mid to low 6s through 2027 due to a number of factors – including inflation. What’s that tell me? Waiting may not pay off the way you hope it will. So, if moving is important to you, I want you to know waiting isn’t your only option. Builder incentives, adjustable-rate mortgages, assumable mortgages, and rate buydowns are just a few of the strategies worth exploring that could help with affordability right now. I’m not saying you have to buy today, but you should at least know your options. Let's talk about what could work for you. #MortgageRates #HousingMarketForecasts Susan Adams - Coldwell Banker West - DRE#01994357

Thinking About Waiting for Lower Mortgage Rates? Read This First. If you've been putting your home search on hold because you're convinced mortgage rates will be much lower soon, it may be worth taking another look at that strategy. Let’s connect so you have an expert who can at least walk you through your options and decide whether waiting really puts you in a better position – or just keeps you on the sidelines a little longer. #HomeAffordability #MortgageRates Susan Adams - Coldwell Banker West - DRE#01994357

Thank you to all of my amazing clients for your trust and support. Reviews like this mean so much because they let future clients know what it’s really like to work with me. I’m grateful for every opportunity to help people through such an important milestone.⁣ ⁣ If you or someone you know is thinking about buying or selling a home, I’d love the opportunity to help.⁣ ⁣ Susan Adams | REALTOR®⁠⁣ Coldwell Banker West⁠⁣ DRE#01994357⁠⁣ ☎️: 619.730.8982⁠⁣ 💻: susansellssd.com⁠⁣ .⁠⁣ .⁠⁣ .⁠⁣ ⁠⁣ #susansellssd #susanadamsrealtor #sandiegotestimonial