Video
June 27, 2025
Airs live on YouTube
June 27, 2025
Sellers Are Giving Away Free Money, But It Won’t Last Long
Market Update
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Mortgage rates just dipped to around 6.75%, and many sellers are still offering to cover thousands in buyer closing costs. For buyers, that can mean getting into a home with just the down payment saved. On a $400,000 home, that’s roughly $14,000 instead of needing to come up with another $10,000 to $12,000 for closing costs.
Inflation data this week came in as expected, and the short-term trend suggests it may already be cooling faster than the headlines suggest. A new bill in Congress could also push rates lower without any other major change to the economy.
That means this moment, right now, may be one of the best buyer opportunities we’ve seen in months. But that could change quickly. When rates hit 6.5%, buyer demand tends to surge. Once that happens, sellers will have more leverage and the concessions will likely disappear.
This is your chance to act while the market still favors buyers. The longer you wait, the more likely it is that the deals will fade and competition will heat up.
Be the buyer who moves smart. Don’t wait until everyone else jumps in.
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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.
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