For the first time in over a month, mortgage rates finally dipped, and it’s more than good news — it’s a wake-up call.
The average 30-year fixed just landed at 6.85%, and that drop gives buyers real leverage. Even a modest rate change can mean thousands saved over the life of your loan, or the difference between stretching your monthly budget and locking in something you can breathe in.
Want to wait it out? Here’s what you’re really waiting for:
- Forecasts show rates may fall to 6.1% by end of this year
- And just 5.875% by the end of 2026
Let that sink in: It’s not a drop to 3%. This is the new normal — and it’s moving in inches, not free-falls.
So the idea that waiting = a miracle rate?
That’s a myth.
But here’s the good news: A smart loan officer can show you how to win now — with the right product, rate structure, and a clear plan to refi later if it makes sense. No waiting. No wasted time.
What’s actually better than waiting?
A 2-1 buydown.
Here’s how it works on a $500,000 mortgage:
- Year 1 @ 4.85%: $2,638/mo
- Year 2 @ 5.85%: $2,950/mo
- Year 3 onward @ 6.85%: $3,276/mo
Now compare that to waiting until December 2025 for a lower rate (6.1%):
- Payment if you wait: $3,030/mo for the full 30 years
Real Cost of Waiting:
If you wait 24 months for a slightly better rate, you’ll pay $72,724 over two years.
If you act now with a 2-1 buydown, you’ll pay $67,063 over those same two years.
That’s $5,661 in real savings by buying now.
And here’s the kicker — that savings is before any home equity gains, appreciation, or refinance opportunities.
Bottom Line:
You win more by acting now — not waiting for a “perfect” that may never come.
- Rates dipped
- Inventory is up
- Sellers are open
- And the tools (like buydowns) are built for this exact market
Apply Now! We’ll run the numbers, explore options like 2-1 buydowns, and make this market work for you.