At the end of September, the Fed announced a 50 basis point rate cut, bringing their benchmark Federal Funds Rate down to a range of 4.75% to 5%. While this doesn’t directly set mortgage rates, it often leads to lower borrowing costs overall, which means more attractive mortgage rates could be on the horizon. This news might encourage more buyers to jump at the opportunity to secure a lower mortgage rate, potentially driving home prices up as demand increases. Interest rates have been on the decline for a few months, so if you’ve been waiting on the sidelines, now could be the perfect time to take advantage of both lower rates and current market prices before the expected surge of buyers. Remember, while there’s definitely strategy in real estate, the perfect time to buy or sell a home is more about what’s right for you and your life than what’s happening in the market. If it feels like the right time for you, that’s when you should make your move! And if you have any questions, don’t hesitate to reach out—my team and I, including expert mortgage brokers, are always here to help.