Video
March 7, 2025
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March 7, 2025
Everyone’s Talking About Tariffs… But Smart Homebuyers Hear Opportunity Knocking
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Mortgage rates are holding steady, but they’ve been quietly trending downward. If you’re looking to buy a home, you might have more buying power than you realize.
What’s Happening in the Market?
There’s been talk about tariffs and inflation, but it’s too early to know the full impact. Meanwhile, today’s jobs report came in weaker than expected, which helped mortgage rates improve.
Mortgage Rates Are Quietly Dropping
While rates aren’t making major headlines, they’ve been trending down. FHA and VA rates are now nearing 6%, bringing more affordability back to the market.
But many buyers aren’t paying attention yet, and by the time they do, competition will be heating up.
Why Now May Be the Best Time to Buy
You might be thinking, “Should I wait for rates to drop further?” But here’s what history has shown: those who buy when others hesitate tend to come out ahead.
Buyers who waited last year are now paying more for the same homes today. And as rates improve, competition will increase, and today’s seller incentives will fade.
Sellers are already feeling the shift. Homes are taking longer to sell, and many are offering big concessions… $13K, $15K, even $20K in seller-paid closing costs.
Right now, you have negotiating power to secure a lower rate and better terms. But as demand picks up, those opportunities will disappear.
Final Thoughts
If you’ve been waiting for the “perfect time” to buy, this could be it. Mortgage rates are falling, sellers are negotiating, and you still have the advantage… for now.
Explore your options now before market conditions shift again. Acting today could mean securing a lower payment and better terms while you still have negotiating power.
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The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
Mortgage News Daily (MND) is a trademark of Brown House Media, Inc. Zillow is a trademark of Zillow, Inc. CrossCountry Mortgage has not been authorized, sponsored, or otherwise approved by Brown House Media, Inc. or Zillow, Inc.
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call (858) 259-8700 for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the federal government. CrossCountry Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of the Veteran Affairs Office or any government agency. Certificate of Eligibility required for VA loans. By refinancing, the existing loan total finance charges may be higher over the life of the loan.
