Many of you are wondering about the rumors that the Fed is going to drop the FED rate. We know, historically, they drop the Fed rate during election years. Here we are again, in an election year.

Lower rates are coming. The current administration always drop the Fed rate in election years because they want to remind you just how much they care about your financial needs right before you vote on election day. How thoughtful of them! Even so, it will behoove you wait until after the rates come down to make your move.

As we know, the Fed already announced that they will not be cutting the Fed rate in the month of March 2024… On the other hand, they have announced that they will be cutting the Fed rate up to three times this year. That’s right, at least 3 rate cuts are coming in 2024. Perhaps the dream of ownership isn’t just a passing mirage for millions of Americans after all!

I can’t think of a better time than right now to announce that good times are coming. Spring is in the air, the sun is shining and people are emerging from their hobbit holes to get outdoors. Of course, this will be a “good time” for you and your family or friends, even if you’re not thinking about buying a home, applying for a loan, selling a home, or refinancing.

Here’s a photo of our favorite real estate Broker - having a good time with his “Honey” - enjoying their little slice of heaven and doing the preparation necessary for a bountiful harvest over the coming months.

The entire team wants to give big props to our newest member, Kimberly Foss, for dutifully working behind the scenes as our loan processor and transaction coordinator to make all this free time possible!

What are you doing to prepare for this season of abundant possibilities? Certainly, buyers should be getting ready to pounce on lower rates. Sellers, standby for wellspring of new interest in your homes for sale. And homeowners, get ready to take advantage of a golden opportunity to refinance your current home loan.

Cristi offers this piece of wisdom to those waiting for rates to drop:

“I recommend not refinancing on the first rate drop in 2024 but waiting for the second or third drop. Then take action at the lower rate.”

- Cristi West, Nexa Mortgage

Should you or any of your friends or family be thinking now is a good time to sell or buy properties, need a mortgage loan or are thinking about refinancing, I know some people who would love to talk to you (Hint: They all have the same last name, West).

As “NorCal natives,” we offer the most relevant real estate advice and most competitive financing solutions in the business to our family, friends and members of our community. But don’t just take my word for it - Ask me for testimonials from past clients who think we are the “bees knees.”

I’m pretty sure it’s because we’re so sweet…

Clever turns-of-phrase aside, our accurate real estate forecasts and transaction mantras, like “Cristi gets it done,” and “Get in where you fit in,” have proven 100% reliable in hundreds of successful transactions for our clients; so call me today for the testimonials. We can discuss your current situation and why now is the right time to get ready to spring into action.

Don’t forget, you have friends in the real estate business!

P.S.: Real Estate is the largest investment 98% of Americans make. You only lose if you have terrible timing or don’t negotiate the best deal. Stack the deck in your favor by having a team of dedicated pros in your corner, to find and negotiate the best deals and represent your interests throughout the transaction.

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