09/18/2025
It’s finally happening! The Fed just cut rates, and mortgage interest has been sliding ever since the move was announced. Add in the drop in home prices across many areas, and buyers are getting a double win. If you’ve been waiting for the right time to buy, this might be it 🏡💸
The average rate on a 30-year mortgage fell to 6.26% from 6.35% last week. Borrowing costs on 15-year fixed-rate mortgages slipped to 5.41% from 5.5%.