Are you wondering what’s happening in the mortgage market right now? This video breaks down the latest mortgage rates, market trends, and what they mean for homebuyers and homeowners thinking about refinancing.

🔹 Mortgage rates remain mostly stable but slightly higher than last week.
🔹 Market uncertainty grows as buyers wait for upcoming inflation data.
🔹 Rates have dropped below the key 6.5% barrier, bringing more buyers back.
🔹 Increased competition is driving home prices up — delaying your purchase could cost more.
🔹 Refinancing opportunities are improving, with new lender programs offering significant savings.
🔹 Homeowners with rates in the 7% range could save 1% or more by refinancing now.

If you’re considering buying a home or refinancing your mortgage, this update will help you make an informed decision.

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Rates are mostly stable
- Slightly worse than last week, but the change is minimal.

Market uncertainty is growing
- Some buyers are optimistic rates will drop further.
- Others are cautious due to upcoming inflation data next week.

Buying now vs. later?
- Rates have dropped below the psychological barrier of 6.5%.
- More buyers are re-entering the market.
- Increased demand could push home prices back up.
- Delaying a purchase may mean paying more later.

Signs of a market revival
- Clients are losing homes due to increased competition.
- Sees momentum returning in housing activity.

Great time to refinance
- A new lender program offers significant savings.
- Homeowners with rates in the 7–7.5% range could save 1% or more.
- Strong opportunity for those looking to refinance.

If you're thinking of buying or refinancing, act soon.

Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding

Chapters:
00:00 - Intro: Welcome from Dave Steinberg
00:08 - Market Snapshot: Mortgage rates this week
00:22 - Market Sentiment: Caution and inflation concerns
00:43 - Should You Buy Now or Wait?
01:04 - Buyer Activity Picking Up: Competition increases
01:25 - Warning: Delaying might cost you more
01:36 - Refinancing Opportunity: New lender program
01:51 - Call to Action: Let Dave help you save
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
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