Key takeaways
- Moderating rates make fixed products attractive again.
- Appreciation in key metros improves borrowing power.
- Act before contractors and appraisers hit summer backlogs.
Rates favor decisive borrowers
Fixed mortgage rates slipped about 35 basis points from winter peaks, giving borrowers predictable payments.
Investors still reward high-quality files, so complete documentation remains the differentiator.
Values continue to climb modestly
Sunbelt and Mountain West markets saw 4–6% appreciation, pushing LTV ratios lower and freeing more equity.
Even flat markets benefit from a tight supply environment—renovations funded today stand out to buyers.
Protect your timeline
Appraisers and contractors book out early for summer. Slot your refinance now to reserve top partners.
Desktop appraisal alternatives remain available on many loans; ask if your property qualifies to cut days off the calendar.
Action plan
Review neighborhood data, document your equity position, and lock a rate strategy before demand spikes.
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