06/17/2026
Did you know global energy shocks can shift Modesto’s mortgage rates, and even shape local home buying moods? ⚡️
When the Iran war sent oil prices up, it rippled right into higher borrowing costs here in the Central Valley. Mortgage rates moved with the news, making spring’s home market feel less predictable. But it’s not all bad news: even with more cautious buyers and sellers, people are still moving for life events, think new jobs, growing families, or downsizing once the nest empties. That keeps our market active, just with more careful timing and sharper negotiations.
What’s changed? Buyers are taking extra time to size up homes, and household budgets are stretched as gas and living costs climb. Sellers with older, low-rate mortgages are holding tight, while folks who must move are finding they need to be more flexible on price and terms. All of this means deals are happening, but with a bit more give-and-take.
Staying informed and having a sharp local advocate makes a big difference. Have you noticed these shifts when buying, selling, or even just watching the Central Valley market? Drop your thoughts below, curious to hear how it feels on your end! 🏡✨
— The Irwin Team | LPT Realty
DRE # 02143320 | 02082790