Homes are taking a median of 49 days to go under contract – the longest for this time of year since 2019. What’s behind the slowdown? Many buyers are cautious about high costs and an uncertain economy. And it’s not just housing: over 20% of Americans are delaying major purchases, per a recent Redfin survey.1
With Rocket Preferred Pricing, you can choose to get a 1% lower interest rate for the first year or up to $6,000 in closing cost credits from Rocket Mortgage.*
*Rocket Mortgage is an affiliate of Redfin. You aren’t required to use its lending services. Learn more at redfin.com/afba.
Clients purchasing a home with a Redfin real estate agent or Redfin partner agent (or with a Rocket Homes Network Agent) and financing with Rocket Mortgage will receive an effective rate reduction of 1% below the note rate for the first year from Rocket Mortgage. For example, a client locking in a 6.99% interest rate would pay 5.99% for the first year, reverting to 6.99% for the remaining term. Client may choose to opt out of the rate reduction and receive a lender-paid credit of 0.75% of the loan amount, up to $6,000 from Rocket Mortgage. Only valid on conforming loan limits. This offer is only available to clients who complete their application process and receive their Loan Estimate after July 1, 2025. Offer valid on retail loans only and cannot be combined with any other discounts or promotional offers. Additional restrictions/conditions may apply. Rocket Mortgage reserves the right to cancel/modify this offer at any time. This is not a commitment to lend.
All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. For additional information, please visit RocketMortgage.com.
**50% of MLS listing updates received by Redfin will post within 2 minutes.
Individual results may vary. Information deemed reliable but not guaranteed. Customers to verify all information to their own satisfaction. If you are currently working with a real estate agent, this is not meant as a solicitation of your business. All prices in local currency.
