TOTAL Bananas.

You’ve probably noticed it, rates are up, down, and back again before you can even call your lender for the scoop! Just me? Ha. Man, who can keep up? We had a stable March, but April and May? TOTAL Bananas. And it’s enough to make even serious buyers pause. But here’s the deal: if you’re trying to “time” this market perfectly you may be here awhile. You can’t control the rates, but that doesn’t mean you’re powerless.

Here’s what you can do to get the best rate possible right now!

Boost Your Credit Score

Even a 20-point difference can impact your monthly payment. Improving your credit doesn’t have to take forever and just a little effort now could save you thousands over the life of your loan. The better your score, the better your deal, period (If you’re not sure where you stand, I know a great lender who can give you a game plan).

Pick the Right Loan Type

Not all loans are created equal. FHA, VA, USDA, conventional-each come with different perks. And the rates can vary a lot depending on what’s best for your financial picture as a whole. Work with a professional who takes time to explain your options in plain English.

Be Strategic About Your Loan Term

Going with a 15-year vs. a 30-year loan might shift your rate and payment big time. Your lender should walk you through all the options, not just push one product. Sometimes the “cheapest” monthly payment isn’t actually the smartest long-term move-it all depends on your goals. Let me know if you’d like someone to lay it out for you.

I always say this… focus on what you can control, and build your home buying strategy around that. And while mortgage rates are super moody, the market itself is still moving!

Here’s what’s happening right here in our backyard.

• In Cornelius the average home price is $546K, up 6% from last year. But don’t let that number scare you. There are great opportunities under $400K that you could totally snag this summer.
• Yes, it’s still a seller’s market. But don’t let that intimidate you. We’re not seeing the wild bidding wars of the past (unless a home is seriously underpriced). And even then, I’ve got a few smart strategies to help you stand out and stay competitive without overpaying.
• The average days on market is 42 days, so while homes are taking a tad longer to sell, it’s pretty consistent with 2024. As homes sit longer, sellers can become a little antsy and more likely to negotiate.

Bottom line-rates are doing their rollercoaster thing, prices are holding steady, and buyers? You’ve got more power than you think. The key is knowing how to move smart, not just fast. With the right plan (and the right people in your corner), you can get a great home at a great rate, even in a market that feels like it’s had one too many espressos.

Whether you’re just starting to peek at listings or you’re ready to make moves this summer, I’ve got your back. Let’s talk strategy, timelines, and how to make this wild market work for you, not against you.

Because honestly? Buying a home doesn’t have to feel bananas.