If you’re one of the thousands of homebuyers waiting for rates to fall, you should know it’s already happening. And they recently crossed an important milestone. Rates officially dipped their toes into the 5s – something that hasn’t happened in about 3 years. Full article here: Mortgage Rates Recently Hit a 3-Year Low. Here’s Why That’s Still a Big Deal. (512) 853-0110...
Long-term mortgage rates have been declining since mid- 2025 and ended the year at their lowest level since September 2024. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.19% in December, 5 basis points (bps) lower than November. Full article here: Mortgage Rates End 2025 at the Lowest Level of the Year (512) 853-0110 or robert@AustinTxHomeSales.com If you are...
Mortgage rates could briefly drop below 6 percent in 2026 according to a new forecast. Lending Tree’s 2026 Housing and Economic Predictions report expects mortgage rates to drop into the 5% range sometime next year, something that has not happened since 2022. Freddie Mac currently has the 30-year fixed-term mortgage rate at 6.1 percent, and the overall rate has not dropped below 6 percent since 2022....
The average rate on a 30-year U.S. mortgage fell to its lowest level of 2025 this week (w/e 12/31), an encouraging sign for prospective home buyers. The average long-term mortgage rate dipped to 6.15% from 6.18% last week, mortgage buyer Freddie Mac said Wednesday. That’s the lowest average long-term rate since October 3, 2024 when it dipped to 6.12% before shooting back up. One year ago, the rate...
Mortgage activity continued to climb in November, posting the largest year-over-year increase in more than five years. Every major category increased on a year-over-year basis as mortgage rates continue to trend lower, led by strong increases in refinancing and adjustable-rate mortgage activity. Full article here: Mortgage Activity Continued to Climb in November (512) 853-0110...
Mortgage rates have been moderating in recent weeks, and the 30-year fixed-rate mortgage could dip to 6% in the new year, if real estate predictions hold. That would be a notable decrease from the 7% rates seen at the start of 2025—and it could unleash a group of home buyers who had been sidelined in the market. Full article here: A Mortgage Rate Drop to 6% Would Ring in More Home Buying (512)...
If you’re like a lot of homeowners, you’ve probably thought: “I’d like to move… but I don’t want to give up my 3% rate.” That’s fair. That rate has been one of your best financial wins – and it can be hard to let go. But here’s what you need to remember...a great rate won’t make up for a home that no longer works for you. Life changes, and sometimes, your home needs to change with...
If you’ve served in the military (or if your spouse has), you have access to one of the most powerful homebuying tools out there. The chance to buy a home without having a down payment. Unfortunately, 70% of Veterans (that's 7 out of every 10) don’t know about this benefit, according to Veterans United. Full article here: The VA Home Loan Advantage: What Every Veteran Should Know Right...
To fully understand the current state of the U.S. housing market, it’s essential to consider several major economic developments over the past few years. In 2022, inflation surged dramatically, prompting the Federal Reserve to raise the federal funds rate in an effort to curb consumer spending by making loans and credit more costly. Fannie Mae reports on a change coming soon for mortgage rates and...
Looking Ahead: Easing Rates and a Potential Market Rebound In recent months, there have been signs of a potential rebound in the housing market. Following the Federal Reserve’s rate cut in September 2025, mortgage rates fell below 6.5% for the first time this year. With additional Fed rate cuts expected in the coming quarters, lower borrowing costs and improving inventory levels could stimulate...
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