02/27/2026
Okay, yes, rates may have dropped a bit to an average of around 5.9-5.7%. Yes thats nice. But don't go out there like a crazy person. If you're interested in checking what the drop of .10% means, you can go to several websites to calculate what the difference in those rates would actually mean.
Will they drop more? Maybe, probably? It depends on what happens to the economy. If we had a more stable Gov right now, we could at least make some general predictions.
If you're thinking about buying a home dont just let the interest rate make that decision. There are lots of other factors that you should consider. If you want to discuss with us, feel free to message me directly.
The evidence is patchy on whether lower rates have meaningfully spurred more activity, as the Trump administration floats measures it says will make housing more affordable.