Is this normal behavior for a mortgage broker?

Met with a local mortgage broker in January to get a pre-approval, in a competitive market.

Bidding wars were insane in the Spring, and I declined to participate in the frenzy.

Inventory for the first time in the last 18 months has improved significantly in the last couple weeks.

Mortgage broker calls me last week to check in.

She tells me that there is an opportunity to buy now, given the rising inventory, but I should not wait because nobody knows how long this opportunity will last. She said prices will continue to go up, and just because buyer demand right now has fallen slightly, that may not last long.

I tell her that I expect the rising inventory to continue, that the housing market is slow to respond to economic trends, and I am happy to wait for more favorable conditions.

She says that I will miss my chance if I do not buy soon, and I should seize the current moment of improved supply and reduced demand. I thanked her for her time.

Seems strange. This is a well respected local broker. I am aware nobody in this business is looking out for my best interests, so I assumed she was hunting for a commission. But it was a turn off.

Or, does she possibly know something that I don’t?

submitted by /u/raji4858
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Met with a local mortgage broker in January to get a pre-approval, in a competitive market. Bidding wars were insane in the Spring, and I declined to participate in the frenzy. Inventory for the first time in the last 18 months has improved significantly in the last couple weeks. Mortgage broker calls me last week to check in. She tells me that there is an opportunity to buy now, given the rising inventory, but I should not wait because nobody knows how long this opportunity will last. She said prices will continue to go up, and just because buyer demand right now has fallen slightly, that may not last long. I tell her that I expect the rising inventory to continue, that the housing market is slow to respond to economic trends, and I am happy to wait for more favorable conditions. She says that I will miss my chance if I do not buy soon, and I should seize the current moment of improved supply and reduced demand. I thanked her for her time. Seems strange. This is a well respected local broker. I am aware nobody in this business is looking out for my best interests, so I assumed she was hunting for a commission. But it was a turn off. Or, does she possibly know something that I don’t? submitted by /u/raji4858 [link] [comments]

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