{"id":204,"date":"2025-03-14T18:14:07","date_gmt":"2025-03-14T23:14:07","guid":{"rendered":"https:\/\/twilabertrand.sites.c21.homes\/?p=204"},"modified":"2025-03-14T18:14:07","modified_gmt":"2025-03-14T23:14:07","slug":"mortgage-rates-hit-lowest-point-so-far-this-year","status":"publish","type":"post","link":"https:\/\/twilabertrand.sites.c21.homes\/?p=204","title":{"rendered":"Mortgage Rates Hit Lowest Point So Far This Year"},"content":{"rendered":"

Mortgage Rates Hit Lowest Point So Far This Year<\/a><\/h2>\n
For Buyers,\u00a0<\/a><\/span>Mortgage Rates<\/a><\/span><\/div>\n
Article from Keeping Current Matters<\/div>\n
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If you\u2019ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That\u2019s because mortgage rates have been trending down lately \u2013 and that gives you a chance to jump back in.\u00a0 But did you know that Mortgage Rates hit the lowest point so far this year recently?<\/p>\n

Mortgage Rates Hit Lowest Point So Far This Year<\/a><\/h2>\n

(see graph below<\/em>):<\/p>\n

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\"a<\/a>While that may not sound like a significant shift, it is noteworthy. Because the meaningful drop from over 7% to the mid-6\u2019s can change your mindset when it comes to buying a home. Especially when the\u00a0forecasts<\/a>\u00a0said we wouldn\u2019t hit this\u00a0number<\/a>\u00a0until roughly\u00a0Q3<\/a>\u00a0of this year (see graph below<\/em>):<\/p>\n

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Why Are Rates Coming Down?<\/strong><\/h4>\n

According to Joel Kan, VP and Deputy Chief Economist at the\u00a0Mortgage Bankers Association\u00a0<\/em>(MBA), recent economic uncertainty is playing a role in pushing rates lower:<\/p>\n

“Mortgage rates declined last week on souring consumer sentiment regarding the economy and increasing uncertainty over the impact of new tariffs levied on imported goods into the U.S. Those factors resulted in the largest weekly decline in the 30-year fixed rate since November 2024.”<\/em><\/p><\/blockquote>\n

And the timing of this recent decline is great because it gives you a little bit of relief going into the spring market. Just remember, mortgage rates can be a quickly moving target, so you should expect some volatility going forward. But the window you have as they\u2019re coming down right now might be the sweet spot for your purchasing power now.<\/p>\n

What Lower Rates Mean for Your Buying Power<\/strong><\/h4>\n

Even small changes in rates can make a difference to your monthly payment. Here\u2019s how the math shakes out. The chart below shows what a\u00a0monthly payment<\/a>\u00a0(principal and interest) would look like on a $400K home loan if you purchased a house when rates were\u00a07.04%<\/a>\u00a0back in mid-January (this year\u2019s mortgage rate high), versus what it could look like if you buy a home now (see below<\/em>):<\/p>\n

\"a<\/a>In just a matter of weeks, the anticipated payment on a $400K loan has come down by over $100 per month. That\u2019s a significant savings. When you\u2019re making a decision as big as buying a home, every bit counts.<\/p>\n

Just remember, shifts in the economy drove rates down faster than expected. But that can change, making rates volatile in the days and months ahead. So, if you\u2019re waiting for rates to fall further before you buy, think hard about the current window of opportunity if you\u2019re ready to act.<\/p>\n<\/div>\n

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Bottom Line<\/h3>\n

Mortgage rates have dipped, giving buyers a bit more immediate breathing room. If you\u2019ve been waiting for rates to ease before jumping in, this could be your window.<\/p>\n

Would a lower monthly payment make buying a home feel more doable for you?\u00a0<\/strong>Let\u2019s break down the numbers and find out.<\/p>\n

Twila Bertrand, Realtor<\/p>\n

CENTURY 21 Cota Realty<\/p>\n

210 E Lufkin Ave, Lufkin Tx<\/p>\n

936-208-7631<\/p>\n

twilabertrand@gmail.com<\/p>\n

https:\/\/twilabertrand.sites.c21.homes\/<\/a><\/p>\n

https:\/\/www.zillow.com\/profile\/Twila%20Bertrand<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Rates Hit Lowest Point So Far This Year Tuesday March 11th, 2025\u00a0For Buyers,\u00a0Mortgage Rates Article from Keeping Current Matters If you\u2019ve been holding off on buying a home because of high mortgage rates, you might want to take another look at the market. That\u2019s because mortgage rates have been trending down lately \u2013 and […]<\/p>\n","protected":false},"author":194391,"featured_media":205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[27,28,31,57,55,45,40,56,73,24,20,17,21,41,46],"class_list":["post-204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-angelina-county-real-estate","tag-buying-a-home","tag-buying-facts","tag-buying-power","tag-expert-advice","tag-first-time-homebuyers","tag-home-affordability","tag-interest-rates","tag-listing-agent","tag-local-agent","tag-local-realtor","tag-lufkin-agent","tag-real-estate-agent","tag-savvy-investment","tag-trust-the-pros"],"_links":{"self":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/users\/194391"}],"replies":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=204"}],"version-history":[{"count":1,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/204\/revisions"}],"predecessor-version":[{"id":206,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/posts\/204\/revisions\/206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=\/wp\/v2\/media\/205"}],"wp:attachment":[{"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twilabertrand.sites.c21.homes\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}