Kevin Dick - Coldwell Banker Select

🏡 You Can’t Control Mortgage Rates. But You CAN Control These 3 Things.

Mortgage rates have been bouncing around, and lately they’ve been moving higher. If you’re thinking about buying, it’s understandable to wonder, “Should I just wait until rates come back down?”

Maybe. But here’s the problem: none of us knows exactly when that will happen.

Mortgage rates are influenced by inflation, economic data, oil prices, global events, the bond market, and Federal Reserve policy. Those are all things you and I have absolutely no control over.

But there are a few things you can control that may affect the rate and payment you actually get.

1. Your credit

Your credit score can have a significant impact on the rate and loan terms you qualify for. Before you start house hunting, talk with a good lender and find out where you stand. Sometimes there are things you can do to improve your credit profile before applying.

2. Your loan

Not every mortgage is the same. Conventional, FHA, VA and USDA loans can have different rates, requirements and costs. Even the length and structure of the loan can change the numbers.

This is why I always recommend talking with a knowledgeable lender instead of simply looking at whatever mortgage rate you see advertised online.

3. The home you buy

This one surprises some people. Builders are often able to offer financing incentives or rate buydowns on new construction. In some situations, that can make a brand-new home more affordable monthly than you might expect.

The takeaway?

Don’t let one mortgage-rate headline automatically convince you that you can’t buy a home.

You may not be able to control the market rate, but you can control some of the things that determine your rate and your payment.

If you’re thinking about buying in the Tulsa area, let’s look at all the options - resale, new construction, financing programs and available incentives - and see what actually makes sense for you.

Kevin Dick
Coldwell Banker Select
918-998-HOME
kevindickhomes.com

23 Ways to Automate Your Smart Home 🏠

23 Ways to Automate Your Smart Home Experience Having a smart home is meant to make life easier and more efficient, and automation brings the enhancements to a new level.

🏡 OPEN HOUSE THIS SUNDAY | 2-4 PM 🏡

Looking for a solid home in a great Tulsa location? Come see this well-maintained 3-bedroom, 2-bath home just minutes from Heller Park!

Enjoy nearby walking trails, tennis, pickleball, basketball and more. The home features a low-maintenance exterior, garage with workbench and extra storage, and a spacious yard with plenty of room to enjoy.

Whether you're a first-time buyer, downsizing, or just looking for a great place to call home, stop by and take a look!

📅 Sunday | 2-4 PM

Kevin Dick
918-998-HOME

Owning a home = long-term wealth. 💰 As you build equity, you're investing in your future—not your landlord’s. It’s more than a place to live—it’s a financial strategy.

This was always one of my least favorite real estate catchphrases.

Not because refinancing is a bad strategy. I’d love for my buyers to be able to refinance into a lower rate down the road.

My problem with the phrase is that it makes that sound inevitable.

Buy the house now. Rates will come down. Refinance later. Problem solved.

I’m never going to tell a client to make one of the biggest financial decisions of their life based on something none of us can predict.

I’d rather talk about the payment you’re signing up for TODAY.

Can you comfortably afford it?

Do you have enough cash left after closing?

How long do you realistically plan to own the home?

Does buying still make sense for you if rates don’t come down anytime soon?

If the answers make sense at today’s rate, then we can talk about buying.

And if you get the opportunity to refinance later? Great. That’s upside.

It shouldn’t be the assumption that makes the purchase work in the first place.

So if your agent is saying, “date the rate, marry the house,” roll your eyes at them and then call me.

🏡 Which Housing Market Are YOU In?

You hear it all the time: “How’s the housing market?”

The problem is, there really isn’t just one housing market right now.

Nationally, homes under $250,000 are selling at a slower pace than they were a year ago. Meanwhile, sales of homes over $750,000 have actually increased by double digits.

Why the difference?

Buyers on the lower end are feeling higher interest rates and affordability much more. Higher-end buyers are often bringing larger down payments, equity from another home, or even cash - so mortgage rates don't affect them quite as much.

And we're seeing another interesting change: luxury homes, which traditionally took much longer to sell than starter homes, are closing that gap.

So when someone tells you “homes aren't selling” or “the market is hot,” my answer is:

Which homes? At what price? And in what area?

That's what really matters.

If you're thinking about selling, don't base your expectations on a national headline or what happened with your neighbor's house.

Your price range has its own market.

And understanding THAT market before we put a price on your home can make a huge difference.

📱 918-998-HOME
🌐 kevindickhomes.com

🏡 UNDER CONTRACT IN JUST 2 DAYS!

2317 W Louisville St. in Broken Arrow is officially UNDER CONTRACT after only 2 days on the market!

A great home, priced right and marketed well, can still move quickly - even in a changing market.

Thinking about selling? Let’s talk about what buyers are looking for right now and how to position your home to get their attention.

Kevin Dick
📞 918-998-HOME
🌐 kevindickhomes.com

Howdy, partner. Welcome to the porcelain saloon. 🤠😂

The perfect blend: coffee, comfort, and a view you'll never get tired of. Let’s find the one you’ll love waking up to every day.