What's Happening with Interest Rates?

Real Estate MArket Update (September 2025)

As you may have heard, there's a lot of buzz in the air about recent mortgage rate changes. So, what does this mean for the housing market? Let's break it down.

First things first, the mortgage rates have recently dipped to near one-year lows, with the average 30-year fixed mortgage rate now at 6.29%. This has potentially made home buying a bit more affordable for many. If you've been considering jumping into the market, now might be a favorable time to explore your options.

For potential buyers, these low rates mean increased purchasing power. You might afford more home for your money compared to just a few months ago. But remember, with increased demand, competition can still be tough. To navigate this, it's crucial to secure pre-approvals and be ready to move quickly when you find a home that suits your needs.

On the other hand, sellers, you should be prepared for a changing market atmosphere. While the lower rates might not cause a massive spike in prices, they can definitely increase interest in your property. That being said, it's wise to keep pricing competitive and be open to negotiations. The increased discernment among buyers means that well-maintained and accurately priced homes are more likely to stand out.

What's next on the horizon? We need to keep an eye on the Federal Reserve's actions regarding interest rates, as their decisions could sway mortgage rates further. Watching home price trends and inventory levels will also help us understand the bigger picture of market dynamics.

As always, we've got our finger on the pulse of this ever-evolving market to support you, whether you're buying or selling. Feel free to reach out if you have questions or need assistance navigating your real estate journey!