Category: News

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Are There Positive Aspects for Homebuyers Today?

Yes, there are some positive aspects for homebuyers today. Here are some things to consider:

  • Mortgage Rates Stabilizing: After recent increases, mortgage rates are showing signs of stabilization, which may help buyers better plan their financing.
  • Housing Market Softening: In many areas, home prices are stabilizing or slightly declining after a period of rapid appreciation, creating more affordability and negotiating leverage.
  • Increased Inventory: Some markets are experiencing a rise in housing inventory, giving buyers more options.
  • Low Down Payment Programs: More lenders are offering flexible financing options, making homeownership more accessible.
  • Potential for Negotiation: With cooling demand, buyers might find themselves in a better position to negotiate terms and prices.

While affordability remains a concern in some regions, these factors can create opportunities for well-prepared buyers.

If you are considering purchasing a home, I would be happy to help so please contact me today.

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Current Mortgage Rates & Forecasts Update

  • Current Rates:
    • As of April 23, 2025, the 30-year fixed mortgage rate is around 6.79%, and the 15-year fixed rate is at 6.11%, according to Zillow data. 
  • Forecasts:
    • The National Association of Home Builders (NAHB) expects 30-year mortgage rates to decrease to about 6.5% by the middle of 2025 and fall below 6% by the end of 2026, according to its latest outlook. 
    • The National Association of Realtors (NAR) projects mortgage rates will average 6.4% in 2025, falling to 6.1% in 2026, according to their latest forecast. 
    • Fannie Mae projects a 30-year, fixed-rate mortgage to average 6.5% in 2025 and 6.2% in 2026, according to its March Economic Developments Report.
  • Factors Influencing Rates:
    • Inflation: A key factor is the Federal Reserve’s response to inflation. If inflation continues to slow, the Fed may cut interest rates, potentially leading to lower mortgage rates. 
    • Economic Uncertainty: Concerns about a potential recession or other economic challenges can also influence mortgage rates, potentially pushing them down. 
    • Tariffs: Tariffs and geopolitical uncertainty can introduce volatility into the market, leading to short-term swings in rates, according to CNET.