Weekly Newsletter November 18th – 22nd

30-yr fixed6.92%
15-yr fixed6.18%
30-yr fixed FHA6.65%
30-yr fixed VA6.52%
*These mortgage rates are estimated by a third-party using industry averages for owner-occupied properties and do not include refinancing options. Rates may vary based on availability and lender approval.

Housing News Week

Although this week’s news supported continuing appreciation, lower rents, and the slowing of inflation, interest rate pricing remained within the bottom of the range we’ve been in for the last month. Three important dates left in the year could move the market— PCE 11/27, BLS 12/5, and Fed meeting 12/18. Expectations are low that any of these will be significant. It is more likely that significant movement won’t occur until sometime in the late first quarter of 2025.

Homeowner Wealth

Today’s homeowners have 42 times as much wealth as renters. This is the full-stop stat to share with anyone arguing that renting today is cheaper and makes more sense than purchasing a home.

My Favorite Things: Thanksgiving

Thanksgiving is a time of year to be grateful for all of the blessings I have received over the past year. I have an amazing family I get to spend time with, a home I love, and great friends I can count on for good times or support when I’m in a tough spot. Professionally, it’s not been the best year for numbers, but I know I’ve grown in the experiences with my team at home and in the office. I’m looking forward to ending this year and getting into 2025 for sure, but I appreciate and have gratitude for 2024! I wish you and your family the best as the holiday season ends the year!

Upcoming Event: Client & Partner Appreciation Movie Night!

Thursday, 12/5, 5-7 PM | Harkins Camelview, Scottsdale Fashion Square

Join us for a complimentary showing of the critically acclaimed Moana 2! The popcorn and company are free! Bring the kids to enjoy a fun night before the craziness of the holidays begins. Can’t wait to see you there!