Fed Cut Rates for First Time in 4 Years - How that Affects Your Home Buying Opportunity
Posted by Jess Feaster on
Mortgage Rates Going Down
The highly anticipated Fed meeting finally happened today and the news is very promising for homebuyers (and therefore sellers!). In anticipation of this week's meeting, national mortgage rates had already hit a 19-month low last week of 6.2% on 30-year fixed loans and today's cuts will continue that downward trend (currently 6.15% according to Mortgage News Daily). In addition, Fed Chairman Jerome Powell implied that there will be future cuts as well. While the Fed didn't share exact plans, the industry predicts that there will be another 50 basis points worth of cuts this year and an additional 100 basis points in 2025. Keep in mind that these numbers are not mortgage rates, they just influence where mortgage rates…
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We are honored to share that Jay Feaster, owner & managing broker of Feaster Realty, was once again named 2024 Black Diamond Agent in 5280 Magazine (5x Winner) and a Top Agent by Five Star Professional (9x Winner). Jay and our entire team know that none of this could happen without our clients, partners and friends. We frequently reflect on how lucky we are to have such a fantastic network of people in our lives to support our small business. If you are reading this, you are potentially one of those special people to us. We appreciate you more than you know.
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Everything changed in Golden's Tablerock real estate in 2023. Well, not everything, but a lot! Let's go through the key elements.
Our clients and neighbors once again voted Feaster Realty as a Nextdoor.com Favorite in Golden's Tablerock neighborhood! We cherish all aspects of this neighborhood - its mountain views, gorgeous homes and, most importantly, its wonderful people! We appreciate the opportunity to live and work in such a great community. Thank you for again supporting our local business! Check out the other local businesses voted a 2023 Nextdoor Favorite by Tablerock residents.
Jay and I began searching for a mountain home in Summit County, Colorado during the summer of 2021. Our lists of must-haves were a little different, but we figured we'd know the one when we saw it. And, sure enough, we did. On the other hand, our twin boys (9 years old at the time), thought we were absolutely crazy. To be fair, this home needed a vision. The finishes were beyond outdated, vinyl 'wood' paneling and ornate wallpaper covered many of the walls and the entire house smelled like moth balls. But the bones (and the mountain views!) were there, so we embraced the good and added lots of love, time, and our personal touches to make it what it is today.
Jay Feaster, owner and managing broker of Feaster Realty, was recently selected as a 2023 Top Real Estate Agent for multiple Denver awards. Less than 5% of Denver agents receive the Denver Post award based on client and peer reviews so it means a lot to our team. This is Jay's 8th consecutive year as a Five Star Agent. The second award, the 5280 Top Real Estate Producer (double black diamond level!), is awarded to top-producing real estate agents by 5280 Magazine, Denver's most popular lifestyle magazine. Jay's success is by no means a solo endeavor. We are so lucky to have an amazing team at Feaster Realty along with outstanding partners and great clients - like so many things, it takes a village.Thank you to all who have helped Jay receive these…
We're proud to share that Sarah Page is now a 3x winner of the 'Rising Star' Award from Five Star Professional! For those of you who've worked with Sarah, you'll know that she is a smart, motivated and hardworking agent that goes the extra mile to ensure our clients succeed. To top that off, she's pretty fun too. :-) Sarah is a rare gem and it is no surprise to us that she was selected for this honor. In fact, only 1% of Denver-area real estate agents in their first 5 years are chosen for this award! Congrats Sarah and thank you for all your hard work!
If you own a home in Colorado, you've no doubt opened the dreaded new property tax assessment notice. We all knew this was coming, but it's still a tough pill to swallow! As real estate agents, we want to make sure our clients understand how these changes will affect them.