What Japan and France Have to Do With Your Mortgage Rate

Mortgage rates inched up again this week, marking the second consecutive rise. While there’s no major U.S. news behind the shift, global developments may be contributing. France’s prime minister stepping down and Japan’s new leadership signaling plans to print more money, both of which could impact inflation and ripple across markets.

At the same time, Austin’s housing market is shifting in a way that gives buyers more negotiating power than we’ve seen in recent months.

Market Insights

Mortgage Rates Climb: The average 30-year fixed rate hit 6.34% this week, adding pressure for buyers to act before further increases.

Fed Rate Cut Expected in October: BofA Global Research moved up their forecast, citing signs of a cooling labor market. If a cut happens, we may see mortgage rates ease again.

Austin Inventory and Price Cuts on the Rise: Active listings are up nearly 14% year-over-year, and over 59% of homes on the market have had at least one price reduction.

What This Means for You

If You’re Buying: You now have more homes to choose from, and sellers are more open to negotiations. Locking in a rate now could protect you from future hikes and I can help you structure an offer that includes closing cost credits or inspection concessions.

If You’re Selling: This is no longer a “list it and forget it” market. Homes need to be priced right, staged well, and marketed strategically to stand out. The good news? Serious buyers are still active and ready to move.

If You’re Investing: Ask me about new development opportunities. We currently have several ways to get in at the early stages, which can offer better pricing and stronger long-term appreciation potential compared to resale properties.

If you’re unsure what your next move should be or just want updated comps or property matches, I’m here to help. Just reply to this email or give me a call.