So the chatter amongst lenders I've spoken too, all say by April/May rates will be dropping. SO, for a short time rates may be jogging up and down until things smooth out and they settle.
What does this mean for the buyers? Well, Yavapai County is still at a record low for inventory...meaning there isn't much of a selection to begin with...Prescott is at a record low of 300's count.
When interest rates drop, it makes it more affordable for buyers to purchase a home. This leads to an increase in demand for properties, as more buyers are able to qualify for mortgages. However, if there is not a sufficient supply of properties listed for sale, it can add to the shortage of available homes for buyers.
This can result in bidding wars and higher home prices. Additionally, low interest rates can also lead to a rise in home values, making it more expensive for buyers to purchase a home. So, when the interest rate drops, it's a good time to put your house on the market as there will be more ...

Here are a few outdoorsy activities in Prescott!

Outdoor activities abound in Prescott!

Prescott, Arizona offers a variety of outdoor activities for visitors and residents to enjoy. Some popular options include:

The area around Prescott is home to many hiking trails that offer beautiful views of the surrounding mountains and valleys. Some popular trails include Thumb Butte Trail, Watson Lake Park, and Granite Mountain Trail.

Blessing of the Bikes is an annual event that takes place in April, where bikers from all over the world come to ride the beautiful roads around Prescott.

Blessing of the Cars is an annual event that takes place in May, where car enthusiasts from all over the world come to drive their classic cars through the beautiful roads around Prescott.

Fishing: There are many great fishing spots around Prescott, including Watson Lake and Lynx Lake. Both lakes are stocked with a variety of fish including rainbow trout, bass, and catfish.

Rock Climbing: T ...