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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet -
Mortgage rates ticked slightly lower today, capping off the week with a small downward move. This was boosted by comments from Federal Reserve Chair Jerome Powell suggesting a potential rate cut as early as September.
30-Year Fixed: The going rate hovers in the 6.6% range, depending on the source:
Freddie Mac data shows steady at 6.58%, the lowest in nearly 10 months.
Other surveys put it between 6.57–6.63%.
Why It Matters: This slightly softer trend may be tied to investor expectations that the Fed will cut rates soon—creating some breathing room for buyers in what remains a high-rate environment.
What This Means for You (Investors)
Locked-In Planning: A small dip now offers a tactical advantage, especially for buyers targeting Q4 closings before 2026.
STR Perspective: Lower mortgage rates improve financing math for STR purchases, especially when combined with strong first-year performance.
Watch the Fed: Keep an eye on upcoming economic data—like jobs and inflation reports in early September—that will influence the Fed's next steps.
Recent Testimonial:
“AJ was incredible from start to finish. The localized knowledge, attention to detail, regulatory experience, STR focus, all top notch and I wouldnt look at any other realtor on the Greater Oregon Coast for a purchase.
Outside of very job specific qualities - he was thorough, professional, timely, and kind. Just provided us with an amazing experience. He will forever be a friend in our home.”