Part 8/9:
In summary, the recent rate drop offers a potential window of opportunity for homebuyers and sellers but comes with caveats. Buyers might benefit from waiting for rates to dip further before locking in a mortgage, but they should remain attentive to economic signals that could influence future rates.
Sellers, on the other hand, should consider the current environment as a sign that a motivated buyer pool exists, especially if rates continue to decline. However, timing remains critical, and caution is advised until the full impact of economic data becomes clearer.