10d (edited) • Real Estate News
Mortgage Rates Just Dropped Again – What that means for you
🏡 Real Estate Update: Mortgage Rates Are Easing (Nov 2025)
Mortgage rates have finally moved down a bit after a long stretch of higher rates.
Recent reports show the average 30-year fixed mortgage rate dropping into the low 6% range. That’s still higher than the 3% days, but it’s noticeably lower than the 7%+ we’ve seen over the last couple of years.
What’s going on:
- Rates are easing as inflation cools and markets expect future Fed rate cuts
- Lower rates are bringing more buyers back into the market
- Some sellers are adjusting prices after a slower period
What this means for you:
- A small drop in rates can reduce your monthly payment
- It can also help you qualify for a slightly higher price range (if the rest of your numbers are solid)
- You don’t need to rush, but you should understand how your payment changes as rates move
How to use this:
- If you’re 3–12 months out, use this time to work on credit, debt, and savings
- Learn your numbers now so you’re ready to move when the right home and rate window line up for you
- If you want help seeing “what would my payment look like at today’s rates,” post in the community with your state and rough price range
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Mortgage Rates Just Dropped Again – What that means for you
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