Rate Escape

Splits and Caps Daily: Action for Agents

August 8, 2025

📈 Market Move:

Refi, Reload, Retreat?

Mortgage rates just hit their lowest point in 4 months, dipping to around 6.6%. Why? A weak jobs report signaled the economy might be cooling off, and the market started betting on rate cuts coming soon.

But here’s the twist: inflation’s still lurking in the background. New tariffs (hi, higher lumber prices 👋) could spike consumer costs again, which might yank rates right back up.

So what’s the play?

If you're a buyer, this is your "use it or lose it" window. Rates are down for now—and refinance applications just jumped 5% because people aren’t sleeping on it.

Meanwhile, inventory is stalling out, sellers are burned out, and prices are flatlining. In fact, sellers are tossing in $10K–$15K toward closing costs just to keep deals alive. Even pools and fancy yards? No longer flex-worthy.

TL;DR: The window’s open, but the wind might slam it shut fast. If you’re in the game, move smart and move soon.

🌟Quote of the Day:

“Your future is found in your daily routine.” — Darren Hardy

📊🤔 Agent Poll

🎉 Fun Fact of the Day: 

Money Makers: Most Millionaires Made Their Wealth Through Real Estate. 90% of millionaires either built or stored wealth in real estate. Crypto? Flashy. Real estate? Generational.

📚 Book Recommendation:

“Entreleadership” by Dave Ramsey — “Leadership ain't just a title. It’s what you do when stuff hits the fan.”

This one’s for the agents building a team, starting a brokerage, or just trying to run their business like a business (not a chaotic to-do list).

Dave Ramsey drops old-school, no-BS advice on how to lead, hire, fire, sell, market, and actually build something that lasts. It's like MBA wisdom without the $120K debt.

It’s not fluff. It's brass tacks.

✅ How to get your team to act like owners
✅ How to set goals people actually hit
✅ How to lead when you're still learning

If you're juggling leadership and entrepreneurship — this is the playbook.

Small steps lead to big leaps — keep stepping.

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