In this video, we dive into the latest September jobs report and its impact on mortgage rates, which have seen a significant uptick following stronger-than-expected job numbers. With eight states now reporting inventory levels above pre-pandemic figures, we explore what this means for both buyers and sellers in today’s market.

If you're considering buying or selling a home in the next 6 to 18 months, this information is crucial! We break down the current landscape, including mortgage rates hovering around 6.5% and the stable unemployment rate of 4.1%.

Discover expert predictions for mortgage rates as we look ahead to 2025 and discuss strategies for navigating the market—whether you’re buying your first home or selling your current one.

Timestamps:
00:00 - Introduction to the September jobs report
00:22 - Impact on mortgage rates
01:00 - Job numbers vs. expectations
01:40 - Current mortgage rate overview
02:10 - Unemployment rate analysis
02:50 - Year-over-year mortgage rate comparison
03:30 - Predictions for future mortgage rates
04:15 - Inventory trends across states
05:00 - Market implications for buyers and sellers
06:00 - Strategic advice for home sellers
07:15 - Advice for home buyers
08:00 - Summary and final thoughts

Tom's Take Audio (8)

Real Estate team leader Tom Toole shares valuable information on recent trends, production hacks, and current events for consumers and agents in weekly episodes of Tom's Take and Agent Hacks.

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