If you have been waiting for mortgage rates to drop, you are in luck because they have started to come down. The question now is whether this trend will continue and how low rates might go. According to housing market experts, there is still room for mortgage rates to decrease further over the next year. One important factor to keep an eye on is the 10-year Treasury yield, a key indicator that often...
Over the past few years, many homebuyers have struggled to make the numbers work. Home prices climbed, mortgage rates rose, and for a lot of people, buying a home simply didn’t feel within reach. You may have felt the same way. Now there’s some encouraging news. If you’ve been waiting for a better moment to reenter the market, this fall could be showing early signs of improved...
You’ve likely been waiting what feels like forever for mortgage rates to finally shift, and last week they did in a major way. On Friday, September 5th, the average 30-year fixed mortgage rate dropped to its lowest level since October 2024. It marked the largest single-day decline in more than a year. What Caused the Drop? Mortgage News Daily reports the decline was sparked by the August jobs...
Mortgage rates are still a hot topic, and for good reason. After the most recent jobs report came in weaker than expected, the bond market reacted almost instantly. As a result, in early August mortgage rates dropped to their lowest point so far this year at 6.55%. While that may not seem like a huge shift, many buyers have been waiting for rates to ease. Even a modest drop like this gives hope that we...
If you’ve been putting off buying a home because you assumed getting approved for a mortgage would be too difficult, it might be time to take another look. The good news is that while lending standards remain solid and responsible, qualifying for a mortgage is gradually becoming more achievable especially for buyers with strong financial profiles. Many lenders are beginning to ease up on some of their...
If you’ve been searching for a home recently, you’ve probably felt the pressure of today’s mortgage rates. With both rates and home prices on the rise, many buyers are exploring different loan options to help make homeownership more attainable. One option growing in popularity? Adjustable-rate mortgages, or ARMs. If the term brings back memories of the 2008 housing crash, you’re not alone. But...
If you’ve been hesitant to buy a home due to high mortgage rates, now may be a good time to revisit the market. Mortgage rates have been steadily declining in recent weeks, creating an opportunity for potential buyers to re-engage. According to Freddie Mac, mortgage rates have fallen for seven consecutive weeks, now reaching their lowest point so far this year (see graph below). While this shift may...
Let’s be honest—life can be unpredictable. From job losses and surprise expenses to natural disasters, financial challenges can affect anyone.
A question on everyone’s mind right now is: when will mortgage rates finally drop? After years of significant fluctuations, many are hoping for some relief.
If you've been holding off on listing your home because you're concerned about a lack of buyers, this is your sign that it might be time to connect w/ an agent.