Another wild week, with volatility in the stock market and not much news about the real estate market because it’s a lot more boring right now.  The upcoming election is front and center and comments from the peanut gallery I frequent are that we are ready to be done with political commercials!

Interest rates popped up this past week, so for some their immediate home buying opportunity is gone.  But by watching the markets we know nothing stays the same for very long.  If you have a lender relationship, stay in close touch so they can let you know when rates are where you need them to be in order to buy or refinance.  You can’t lock a rate until you have a home you want to purchase, so when you find that house with the help of an expert in your area, make sure you get a pre-approval letter from your lender so you can act quickly and possibly get help from the seller to buy your rate down if necessary.  When you work with professionals, they can advise you on the best path for your situation.  If you don’t know who is professional in the real estate and lending industries in your area, get a recommendation from someone you trust.  You never know what is possible until you take action.