|
Welcome to March, everyone.
This weekend was quite the way to start the month, with headlines from Iran and the Middle East causing some ripples. As your real estate advisor, my job is to filter that noise: How does this news actually affect mortgage rates and our local housing market?
On Monday, the 10-year yield shot up from under 4% to almost 4.12% on the war news alone. But there is more than just geopolitics on the radar this week—we also have the Jobs Report and jobless claims data coming out. We watch these closely because employment data has the potential to move the needle on interest rates more than almost anything else.
This is why you want your agent and loan officer to be proactive. Someone who went into contract last week but didn’t "lock in" their rate could be looking at a different monthly payment today. While no one can predict global events, the fact remains: things change quickly.
The takeaway? Be proactive! If you're thinking about a move, let’s get your questions answered now so you aren't left reacting to the headlines later.
📍 What’s Happening in the 916?
If you need a break from the news, there is plenty to do around Sacramento this month, see our Local Events graphic below.
Let’s make it a great month. If you have questions about the data or just want a recommendation for a good local spot, give me a shout!
|
