Video
June 20, 2025
Airs live on YouTube
June 20, 2025
The Market’s Serving Big Opportunities for Homebuyers. Are You Grabbing Them?
Market Update
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Mortgage rates are still holding just under 7%, but that is not the biggest opportunity in the market right now. The real advantage for buyers is in the way homes are being negotiated and sold.
Inventory has climbed significantly compared to last year, and nearly 40% of homes on the market have seen price reductions. Sellers are motivated. Many have built up strong equity over the past few years and are now willing to use it to get their homes sold. In many cases, that means covering closing costs or helping to buy down a buyer’s interest rate.
For homebuyers, this opens up real savings. If the seller covers your closing costs, you can use your own cash to lower the rate on your loan or simply bring less money to the table. Either way, your monthly payment becomes more affordable, and the home becomes more attainable.
This is not just a temporary promotion or a one-off deal. It is a pattern playing out across the market, but it may not last. As more buyers begin to re-enter the market, seller flexibility could fade.
If you are thinking about buying a home, now is the time to act. Buyers who step forward today have a real chance to take control of the process and walk away with terms that work in their favor.
Featuring:
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.
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