Feeling stuck between a rock and a hard place with today’s mortgage rates? You’re not alone—many homeowners are hesitant to sell because rates are higher than what they currently have.

Your ticket to offsetting those higher borrowing costs lies in your home’s equity. Think of equity as the magic difference between what your home is worth and what you still owe. Thanks to the recent home price surge, you probably have more equity than you think. 

Recent stats show over two-thirds of homeowners have a significant amount of equity, meaning they’ve either paid off their mortgage or have at least 50% equity. This is your game-changer.

After selling, this equity can help you move without sweating today’s mortgage rates. Imagine being an all-cash buyer or making a larger down payment with that equity. Intrigued?

If you’d like to know how much I think your home is worth, please reply to this email!

In Mesa County

There are currently 492 active homes on the market in Mesa County. This is a 2.5% decrease compared to a week ago.

The average sold price YTD is $446,933 and the median sold price YTD is $397,000.

Mortgage Rates Today

Note: If you are receiving this unexpectedly it is because you have been placed on a limited distribution of friends and colleagues that I respect and believe will find this information useful