Mortgage rates have officially dropped to their lowest levels of 2025, according to the Freddie Mac Primary Mortgage Market Survey (PMMS). After months of fluctuation, the 30-year fixed mortgage rate is trending downward—giving buyers one of the best opportunities this year to lock in a home.
Why This Matters for Buyers
- Lower Monthly Payments – With rates falling, buyers can qualify for more home while keeping payments manageable.
- Negotiating Power – Inventory remains higher than in past years, which means buyers can still negotiate pricing and concessions before demand heats up again.
- Equity Upside – If rates continue to fall, homeowners can refinance to an even lower rate while already owning the property at today’s prices. That means you avoid paying a premium later when competition drives prices up.
- Buyer’s Market Window – Right now, buyers enjoy the sweet spot: more homes on the market, softer seller expectations, and favorable financing.
The Smart Play
Act now to secure a home at today’s price with a historically lower rate. If rates keep trending down, refinancing later could save you even more—while you’re already building equity in your property.
📉 The takeaway: Don’t wait for demand to surge and push prices higher. Today’s market offers a rare advantage for buyers ready to make a move.
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