Rates were flirting with 6% in late February. Now they're back up and climbing. Fed cuts are not coming anytime soon, and nobody has a real read on where mortgage rates are headed.
We are clearly in a buyer's market. Which means deals exist. The question is how you're running the numbers right now, given that the rate environment keeps moving beneath you.
What are you underwriting today, and what conditions are the biggest variables to you? How much buffer are you building in above that number or in any numbers you project? Has the volatility killed any deals for you recently that would have been penciled just six weeks ago?