Interest Rate Update: What Buyers & Homeowners Need to Know

Interest rates are still one of the biggest topics in real estate. Here’s what’s happening and what it means for you:

Rates Aren’t Going Back to 2–4%
If you’ve been waiting for the “good old days” of ultra-low rates… you’ll be waiting a long time. Experts agree those were historic outliers, not the norm.

The 2025 Forecast
Rates are expected to hover in the mid-6s throughout 2025. While higher than what we saw a few years ago, they’re still lower than late 2023 when rates neared 8%.

Home Prices
The national median home price is around $400,000. Year-over-year, most projections still show home values rising in 2025, though more moderately than in recent years.

Who Should Refinance?
Not everyone benefits from refinancing, but some homeowners could. If you bought in 2023 or 2024 when rates were closer to 8%, you may want to talk with your lender and explore your options. The right time depends on your current rate, how long you plan to stay, and your overall financial goals.

Pro Tip
Check Mortgage News Daily for the most accurate day-to-day rate tracking. You can visit their website here or follow them on Instagram here.

The market is adjusting, but opportunity is still there for both buyers and current homeowners. Send us a message with any questions – we’re here to help you navigate it all!