The 3-Year Low You’ve Been Waiting For

For the first time in more than three years, mortgage rates have dipped to a level many buyers haven’t seen since 2022 — and it’s already changing the conversation.

According to Freddie Mac, the average 30-year fixed mortgage rate has fallen to 6.06%, down from over 7% this time last year. Fifteen-year mortgage rates have also dropped, now averaging 5.38%.

So what does this really mean for buyers and sellers?

For Buyers: More Power, More Options

Lower mortgage rates directly affect affordability. Even a small drop in rates can translate into hundreds of dollars saved each month — or thousands over the life of a loan.

For buyers who were priced out or paused their search, this shift may bring homes back into reach. It also means stronger purchasing power when negotiating.

For Sellers: Buyers Are Coming Back

When rates fall, buyer confidence rises. We’re already seeing renewed interest from qualified buyers who’ve been waiting for the market to loosen.

Homes that are priced correctly and presented well stand to benefit the most as demand begins to stabilize.

The Market Is Moving — But Strategy Still Matters

While lower rates are encouraging, they don’t mean the market is suddenly “easy.” Inventory, pricing, and timing still play a critical role in outcomes.

This is where guidance matters.

Whether you’re considering selling, buying, or simply planning your next move, understanding how today’s rates affect your situation is far more important than following headlines.

Bottom Line

Mortgage rates at a three-year low are opening doors — but walking through the right one takes clarity and strategy.

If you’re ready to explore what this moment means for you, I’m happy to help.

Alan Jacobson
📞 US: 561-596-2191
📞 MX: +52 415 105 4555
🌐 www.alanjacobsonrealtor.com