Welcome to the Seattle Real Estate Team podcast! In this episode, we're discussing how to get ready in September for a smooth home purchase by November. Timing is everything, and we'll guide you through the steps you need to take now to be fully prepared for a Thanksgiving move-in. From organizing your finances and getting pre-approved, to finding the perfect home and navigating the market, this episode is packed with tips and strategies to help you make the most of this fall season and settle into your new home just in time for the holidays!

**Current Mortgage Rates:**

- **30-year fixed-rate mortgage**: 6.25% - 6.5%

- **15-year fixed-rate mortgage**: Around 5.62%

- **FHA/VA loans**: Approximately 5.7%

**2024 Rate Changes**: At the start of 2024, the 30-year fixed rate was above 7%. Rates have since dropped by nearly 1%.

**Factors Influencing Rates**:

- The Federal Reserve's monetary policies, with expected rate cuts as inflation cools and economic growth slows.

- Economic indicators like jobs reports and inflation continue to impact rates, with a weaker August jobs report contributing to recent declines.

**For Seattle Homebuyers**:

Lower mortgage rates have made home loans more affordable, attracting more buyers to the market. However, rising demand could push home prices higher, and inventory remains low, keeping the market competitive.

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