Who Has the Upper Hand in Today's Housing Market? This market isn’t one-size-fits-all. If you're wondering who has the upper hand where we live, let's talk. I'll show you exactly what the numbers look like in our market – and what strategy gives you the best shot at getting what you want. #HousingMarket #RealEstateAdvice Shayna Reavis | REALTOR ® 📞| 804.928.2700 💻| www.ShaynaReavis.com ✉️| [email protected] Licensed Real Estate Agent in Virginia and Florida Icon Realty Group, VA Aston Rose SE, FL #VirginiaRealEstate #FloridaRealEstate #RealEstate #RealEstateTips

Mortgage rates aren’t random. They’re affected by 2 numbers. The 10-year treasury yield and something called "the spread." That's the gap between the 10-year treasury yield and mortgage rates, and it usually sits around 1.76 percentage points. Back in 2023, the gap in the spread ballooned up to 3.19 in response to economic uncertainty. If it were still that wide today, rates would be pushing almost 8%. But the good news is the gap has narrowed to 2.01 (a lot closer to the long-term norm). And that’s a big positive for rates. It’s why today’s mortgage rate is in the upper 6s instead of touching 8%. Here's the part a lot of people miss. Where rates are right now are already pretty close to... #MortgageRates #HousingMarket Shayna Reavis | REALTOR ® 📞| 804.928.2700 💻| www.ShaynaReavis.com ✉️| [email protected] Licensed Real Estate Agent in Virginia and Florida Icon Realty Group, VA Aston Rose SE, FL #VirginiaRealEstate #FloridaRealEstate #RealEstate #RealEstateTips

Here’s Why Mortgage Rates Are What They Are Right Now That’s the trade-off with a narrowing spread. Rates may not be where you want them, but they're better than they could've been. If you want help figuring out what that means for your monthly payment, reach out to a local lender #MortgageRates #HousingMarket Shayna Reavis | REALTOR ® 📞| 804.928.2700 💻| www.ShaynaReavis.com ✉️| [email protected] Licensed Real Estate Agent in Virginia and Florida Icon Realty Group, VA Aston Rose SE, FL #VirginiaRealEstate #FloridaRealEstate #RealEstate #RealEstateTips