Mortgage Interest Rates Are the Lowest They Have Been in Almost a Year
Graph source: Freddie Mac
Interest rates recently dropped again significantly, and they are now the lowest they have been in 11 months.
The reason for this has to do with the expectations of investors in the bond market, specifically the market of Mortgage Backed Securities (MBS) bonds. You can read more about the relationship between mortgage rates and Mortgage Backed Securities in this recent article.
Many economists have been expecting a gradual decline in mortgage rates through 2025 and into 2026, but significant drops below 6% are not anticipated until late 2026. So if you are looking to buy a home or do a refinance, now may be a good opportunity to do so.
If you’d like to talk it over and see what the numbers could look like in your specific situation, please feel free to schedule a Free Brainstorming Consultation. I’d be happy to answer any questions you may have and brainstorm with you about how you could achieve your goals.
