The Power of One: What a 1% Rate Drop Means

 The Power of One: What a 1% Rate Drop Means

Mortgage rates are holding near their lowest levels in almost a year. That 1% drop from earlier highs may not sound like much—but it’s a game changer.

Here’s why:

• A 1% lower rate gives buyers roughly 10% more purchasing power.
• Or, it means a 10% lower payment on the same mortgage.

That’s the “Power of One.” And with the Fed cutting rates, this advantage is real today.

The key is to act while rates are still near the lows—before demand heats up and negotiating power shifts back to sellers.

 

Let’s connect this week so you can take advantage of the Power of One.

 

Happy House Hunting!