Part 4/9:
"We should anticipate rates to continue to come down," LaRose says, estimating that the high fives could become a typical range by the end of Q1 or into the fourth quarter.
Psychological and Market Impacts of Rate Movements
The market's response to rate changes is often driven by psychology as much as numbers. When rates dip into the 5.9% territory, LaRose explains, the market typically sees an uptick in activity, as buyers interpret this as a window of opportunity. Conversely, some hesitant buyers may seize the opportunity to wait, fearing impending rate increases or economic instability.
LaRose highlights two primary buyer behaviors: