So the Word on the Street Is… Mortgage Applications Are Climbing Again

What Serious Buyers Should Be Doing NOW (and Why):

1. Get pre-approved (not just pre-qualified).

Why: Sellers take pre-approved buyers seriously. It gives you a competitive edge and speeds up the process once you find “the one.”

2. Lock in a rate if you find a good one.

Why: Rates are moving week to week. Locking protects you from sudden increases and keeps your monthly payment predictable.

3. Watch new inventory closely.

Why: More homes are hitting the market, but the best ones still move fast. Being early gives you first pick.

4. Know your budget and stick to it.

Why: With rates where they are, your monthly payment matters more than ever. Clarity = confidence and fewer surprises.

5. Be open to negotiation.

Why: Price growth is slowing, and sellers are more flexible. Many are open to closing cost credits, repairs, or even price adjustments.

6. Work closely with a local expert.

Why: Every neighborhood is behaving differently right now. A strong agent tracks new listings, price drops, and hidden opportunities faster than the public portals.

7. Don’t wait for the “perfect rate.”

Why: Waiting too long can cause you to miss good homes and strong negotiation windows. Many buyers who act now can refinance later if rates drop.