The market may feel chaotic, but mortgage rates are holding steady at 6.75%, according to Mortgage News Daily. If you are considering buying a home, now is the time to stay focused on the bigger picture.
Right now, headlines are filled with uncertainty, including tariff wars, economic concerns, and political changes. But markets always adjust, and things could shift sooner than expected.
One reason for optimism is that Treasury Secretary Scott Bessent has been pushing for lower long-term rates to unfreeze the housing market. Just yesterday, he emphasized that the administration is committed to long-term economic health and understands the struggles buyers are facing.
The next Fed meeting is next week, but no immediate rate cuts are expected. However, the administration has made it clear that lowering rates is a priority, though it will take time.
Yes, absolutely. This is when deals happen.
Sellers are feeling pressure, and buyers have more negotiating power. That means you could secure closing cost credits, rate buydowns, or other financial incentives to make homeownership more affordable.
Most homeowners stay in their homes for seven to ten years, so even if today’s market feels uncertain, real estate is a long-term investment.
Many buyers are waiting, unsure if now is the right time to act. But waiting could mean missing out on the best opportunities.
🏡 Sellers are negotiating more than they have in years.
📉 Rates are expected to trend lower, but competition will increase as they do.
💡 Those who buy when others hesitate tend to come out ahead in the long run.
It is easy to get distracted by the headlines, but the best buyers focus on what really matters.
Acting today could mean securing a lower payment and better terms while you still have negotiating power.
The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
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