The real estate market is always moving, and one of the biggest factors that shapes buying power is interest rates. Over the past few weeks, we’ve seen something important; rates are improving. For many buyers, this shift is opening doors that felt closed not too long ago.

Here’s what this means if you’re thinking about purchasing a home:

1. Greater Affordability: A lower rate doesn’t just look good on paper; it can significantly reduce your monthly payment. Even a small adjustment makes a big difference in how much home you can comfortably afford.

2. Renewed Buying Power: If you were pre-approved earlier this year and didn’t quite qualify for the home you wanted, now is the time to revisit those numbers. Many of my clients are surprised to find that they can now qualify for more home, or make an offer with more confidence, thanks to today’s improved rates.

3. Competitive Advantage: Inventory is still limited in many neighborhoods. Sellers take stronger offers seriously, and updated financing can put you in a better position when the right property comes along.

4. One Seamless Path: At JohnHart, we make the process as simple as possible by partnering directly with Golden Coast Finance. That means one team working together to help you from pre-approval all the way to closing.

If buying has been on your mind, now is the time to act. I’d love to review your options with you and connect you with my lending partner for updated numbers; it only takes a few minutes and could completely change your outlook.

Let’s talk today about how this market shift could work to your advantage.

— Haik Bokhchalian, JohnHart Real Estate