Mortgage rate drop boosts buying power by $70k: ‘The best time to buy is now’

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“I think a lot of people have been worried about inflation,” said Lowrie. “Worried about the cost of goods, worried about the cost of house prices.”

‘What I do for my clients? It’s a lot of extra work’

These concerns, paired with anxieties around credit scores and down payment requirements, often kept would-be buyers on the sidelines. However, with increased affordability, Lowrie has been able to provide them with some optimism.

“[It’s about just] explaining to people that as rates come down, they have a $30,000 increase in what they can afford to buy. They might be able to get a house with an extra bedroom or an extra bathroom.” 

Lowrie’s approach to helping clients navigate these opportunities is rooted in deep personalization and careful planning.

“What I do for my clients? It’s a lot of extra work,” she added, outlining her strategy of providing each buyer with a spreadsheet detailing their maximum payment, which she then tailors based on local tax rates. In some cases, this might mean steering clients toward more affordable areas.

https://www.highcpmgate.com/f0c2i8ki?key=d7778888e3d5721fde608bfdb62fd997

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