How Many People Actually Have $180,000 Down?

Spring heat hits St. George and the housing market heats up with it, and we compare what we’re seeing as realtors with what a lender sees first in the mortgage pipeline. We break down why rates near 6% change real buying power, why headlines can move markets through fear, and why sellers need to understand the buyer’s monthly payment.

• April and May as the peak window for home sales and why listing now matters
• mortgage applications rising and what a slammed processing team signals
• why rates have bumped around the low 6% range and what drives short-term moves
• how war risk, fuel prices, and emotion ripple into interest rates and buyer behavior
• what a 2% rate drop does to buying power and monthly payment math
• buyer profiles we see most often, from first-time buyers to move-up buyers with equity
• who tends to buy high-end homes, including remote workers and top healthcare earners
• jumbo loans, conforming limits, and why borrowers try to avoid jumbo territory
• the seller reality check of PITI payments, down payments, and affordability
• why trying to “play the market” can backfire for both buyers and sellers

Find Chantry Abbott here:
https://branches.guildmortgage.com/ut/stgeorge/chantry-abbott-521-sgcab.html

Have other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! 

P. 435-291-5443
E. sales@gostgeorge.com
Web: www.GoStGeorge.com
Insta: https://www.instagram.com/larkingroup
FB: https://www.facebook.com/StGeorgeExperts

🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.

📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 

💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!

📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   

🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/

🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/
 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue

[00:00:00] Warm Weather Sets The Stage
[00:03:28] Why Spring Is Peak Selling Season
[00:05:04] Mortgage Office Surge In Demand
[00:08:50] Rates Around Six Percent Explained
[00:13:24] War And Fear Move Interest Rates
[00:20:48] How A 2% Rate Shift Changes Buying