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Homebuyer Updates, Market InsightsSummer Buyers Have More Leverage Than They Think
Mortgage rates held near 6.6% last week, but the bigger story is growing inventory. New listings climbed, pending sales increased, and more than 40% of properties recently experienced price reductions. Serious buyers are still moving, but they are gaining more choices and negotiating power.
Market trends referenced in this update include national housing and mortgage data reported by HousingWire.
That leverage may go beyond asking for a lower price. A seller-paid 3/2/1 temporary buydown could reduce the buyer’s interest rate and monthly payment during the first three years of ownership.
A trusted mortgage professional can help you compare loan options, estimate payment changes, and determine whether a temporary buydown fits your goals. Learn more about financing options through Envoy Mortgage.
The goal is not to rush. It is to understand your numbers, explore financing options, and be prepared when the right home appears. Today’s market may offer buyers a valuable opportunity to negotiate both the home and the structure of the deal.
Ready to See What Today’s Buyer Leverage Could Mean for You?
More inventory may give you more choices, more time to compare, and more room to negotiate. Explore current homes for sale and see what opportunities are available across Lake of the Ozarks and Mid-Missouri.
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