As of today (4-30-2025), the 10-year Treasury Note (10yr T-Bill) is at 4.17%. On January 10th this year, it was at 4.79%, more than a ½ of a percent higher than today. Why is this important? Because the mortgage rates typically follow the 10-year treasury bill. For now, it is an indicator that home loans (mortgage rates) are on the way down. That being said, until we have a clearer picture of the tariff situation, the 10yr T-Bill will be volatile. So if you think you might be in the market for purchasing a home, you may want to get the process started with your lender. In my opinion, it is best to have all your ducks in a row so that when all the stars align, and you find the home of your dreams you’ll be in a strong position to make an offer with the best rate available at the time. And… This holds true for sellers as well. When the interest rates go down, more buyers enter the market and it is at that time that you will get the most for your home.
Fun facts for May 2025: Cinco De Mayo is of course on May 5th, National Teacher Day and National Nurses Day are both on May 6th and Mother’s Day is on May 11th. In my opinion, Teachers, Nurses and Mother’s Day… Should be Every Day!!!Listing of the Day: We have a 4-bedroom, 4-bathroom home with 2 master suites (one upstairs and one downstairs) an inground heated pool AND an RV Garage with workshop for sale. These don’t come around too often so if you know of someone looking for a home like this, gives us a call and we’ll set up a private showing.
