Interest Rates Drop For 6 Straight Weeks!

What It Means for Buyers and Sellers

Over the past six weeks, mortgage rates have steadily declined, offering a welcome window of opportunity for both homebuyers and homeowners. As of mid-March 2025, the average 30-year fixed rate dropped from 6.95% to 6.65%.

What’s Driving the Drop?

• Federal Reserve Rate Cuts: A recent rate cut aimed at stimulating the economy has helped push mortgage rates down.

• Economic Uncertainty: Mixed economic data and concerns about stagflation have driven investors toward safer assets, lowering Treasury yields — which mortgage rates follow.

• Global Factors: International economic concerns have added to downward pressure on rates.

Why It Matters:

• More Buying Power: Lower rates reduce monthly payments, making homes more affordable.

• Refinancing Opportunity: Homeowners may benefit from refinancing at a lower rate.

• Market Activity: Dropping rates typically spur buyer interest and market movement.

Bottom Line:
While rates have fallen, economic uncertainty remains. If you’re considering buying, selling, or refinancing, now is a great time to explore your options. Reach out — we’re here to help you navigate your next move.