Video
September 12, 2025
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September 12, 2025
The Window Won’t Stay Open Long
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If you are waiting for the Fed to cut rates, you are already behind.
Mortgage rates have already shifted ahead of the September 17 Fed meeting. Conventional loans are hovering around 6.25%, and FHA/VA are sitting just under 6%. This happened because markets move in anticipation of Fed actions, not after.
Here’s what that means for you:
• Rates dipped 0.33% since Jerome Powell’s August 22 comments.
• If the Fed cuts 0.25% as expected, rates may hold.
• If the Fed does not cut, rates could rise again.
• If they cut 0.5%, rates could dip further.
Now is the time to evaluate your refinance or purchase options. This week alone, families saved $200 to $600 per month by lowering their rates. The key is making sure the refinance math works: ideally paying back costs within 1 year, or at least within 2. If the payback is longer, it often does not make sense.
Many large lenders sell refinances without explaining the real costs. That is why working with an experienced mortgage professional who breaks down the numbers clearly is essential.
If buying or refinancing makes sense now, do not wait. The perfect moment does not exist. Waiting could cost you.
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.
