Big News: Mortgage Rates Are Coming Down in 2025
We’ve got some exciting news for buyers: mortgage rates are starting to come down. With the recent Fed cuts, rates are now hovering around 6.25%. That may not sound huge at first glance, but it’s a meaningful shift compared to where we’ve been.
A Look Back at 2025 Rates
Throughout most of 2025, mortgage rates have averaged close to 6.8%, and at times even touched 7%. So seeing them dip closer to 6.25% is a positive move for buyers who have been waiting for some relief.
Why Does This Matter to You?
Let’s put this into perspective:
On a $350,000 mortgage, a rate of 6.8% versus 6.25% makes a big difference.
At 6.8%, your monthly principal and interest payment would be about $150 higher.
Over the course of a year, that’s roughly $1,800 in savings just from securing the lower rate.
That’s real money back in your pocket each month that could go toward savings, home improvements, or simply making your budget a little more comfortable.
What’s Next for Rates?
Of course, none of us has a crystal ball. Depending on how inflation and the job market evolve, rates could creep back up or come down a bit more. Most experts expect rates to stay in the sixes for the near future. The next six months will give us a clearer picture of the trend.
What This Means for Buyers
With rates easing and inventory still on the higher side, buyers have more options to choose from. Depending on your goals, now may be a smart time to step off the sidelines and explore the opportunities in today’s market.
Let’s Talk About Your Goals
Every buyer’s situation is unique. Whether you’re looking to purchase your first home, upgrade, or invest, let’s have a conversation about your goals and how we can help you take advantage of current market conditions.
