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While no one can predict these kinds of things with absolute certainty, understanding how mortgage rates work — including the factors that drive these numbers in the first place — can lend valuable context clues. We’ll get into more details shortly, but it is safe to say that market activity is to blame (or thank!)
Also, lending guidelines are much tighter today than in previous years so banks aren’t approving risky loans to potential buyers. This could involve a quick settlement, a rent-back offer, a home inspection without repairs, or doing away with other contingencies. Access to Data.
A letter lends a personal touch to your offer. For many of them, they want a short inspection period, such as three to five days, a quick close, i.e. 30 days, possibly a rent-back option , or for the buyer to waive the inspection or appraisal contingencies. Lanham mentioned a rent-back period, or a quick close.
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