09/25/2025
Freddie Mac’s 30-year mortgage rate slipped to 6.26% this week as markets reacted to the Fed’s first rate cut since December 2024.
The central bank lowered the federal funds rate by 25 basis points to 4%–4.25%, citing uncertainty from tariffs and a cooling job market. The Fed also signaled up to three more quarter-point cuts by year-end, matching market expectations.
🏡What does this mean for buyers?
If you’re in a position to purchase, conditions may be turning in your favor. More homes are on the market, competition has eased, and the pace feels more balanced. Plus, the best week to buy is right around the corner, October 12–18, when buyers typically see more listings, less competition, and potential savings of $15,000+ on a median-priced home.
Learn more about the best time to buy: https://rltor.cm/hiz1lu