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Everyone Makes This Mistake When Rates Drop
Do you know what interest rates were one year ago?
Take a guess.
Close…
7.26%
Now?
The average 30-year fixed is near the lowest level in almost three years.
The average buyer today is paying about $330 less per month on the same home.
But here's the mistake everyone makes when rates drop…
Waiting to see if they'll go any lower before they buy.
Here's the problem:
Nobody can predict where rates are going.
In fact, mortgage rates actually rose in early 2025 after the Fed cut rates three times in 2024 - the opposite of what everyone expected.
Waiting for the "perfect" rate often means missing real opportunities.
In the coming weeks, all eyes are on rates.
As always, I'll keep you updated.
I know lower rates don't fix affordability. But every little bit helps. If your plans change, reach out anytime.