Do you know what mortgage interest rates were one year ago?

Take a guess.

Close… about 7.26%.

Today, the average 30-year fixed rate is hovering near its lowest level in almost three years.

What does that actually mean for buyers?

On the same home, the average buyer today is paying roughly $330 less per month compared to this time last year.

That's real money back in your pocket every month.

But here's the mistake I see people make every single time rates start to drop…

They wait.

They tell themselves they'll jump in after rates go a little lower.

And I completely understand the instinct. Everyone wants the best possible deal.

Here's the problem:
Nobody can predict where rates are headed next.

In fact, something surprising already happened recently mortgage rates actually rose in early 2025 even after the Fed cut rates three times in 2024. The opposite of what most people expected.

That's why trying to time the "perfect" rate often leads to missed opportunities.

While buyers are waiting on the sidelines, a few things tend to happen:

• Inventory shifts

• Competition increases

• Prices adjust

• Homes you loved disappear

Waiting doesn't always mean saving money sometimes it means paying more later.

Over the next few weeks, all eyes will be on interest rates. As always, I'll keep sharing updates and what I'm seeing locally so you can make informed decisions.

And one important note: lower rates don't magically fix affordability.

But every little bit helps.

If your plans change, or you're curious what today's numbers could look like for your situation, reach out anytime. Even if you're just in the "thinking about it" stage I'm always happy to help you run the numbers and talk strategy.