Where Rates Stand Today

Mortgage rates have been on a rollercoaster over the past few weeks, dipping to levels we haven’t seen in nearly a year before rebounding slightly. After a strong bond rally, markets are now watching inflation data closely. Even a minor shift in consumer price index (CPI) numbers could determine whether rates continue to soften or start pushing higher again. For buyers who have been sitting on the sidelines waiting for the right time, this window could be one of the best chances we’ve seen in months.

The Housing Market: Slow, but Shifting

Nationwide, inventory levels are still lower than normal. Many sellers remain hesitant to list, waiting for rates to drop further. Yet buyers are gradually re-emerging, particularly as rates improve. In some areas, homes are beginning to sell slightly under list price, creating opportunities for those who are prepared with strong financing. The days of 20–30 offers on a single property may return in the future, but right now, serious buyers can negotiate more effectively.

For sellers, this environment means realistic pricing is key. Overpricing a home can lead to longer market times. Homes priced competitively, however, are still moving — especially with today’s motivated buyer pool.

What This Means for Buyers

If you’re a buyer, being pre-approved (not just pre-qualified) is more important than ever. Sellers want certainty, and buyers who can show full underwriting approval stand out in negotiations. Pair that with the chance to secure a home before competition heats up again, and you have a strategic advantage.

It’s also worth remembering: you marry the house, but you date the rate. Locking in now doesn’t mean you’re stuck forever. Programs like our “Strike Rate” refinance option allow you to take advantage of lower rates in the future without starting over with closing costs. This strategy gives peace of mind when entering the market during a transitional time like this.

What This Means for Homeowners

For homeowners, refinancing remains a hot topic. With rates dipping, some are looking at reducing their monthly payments, while others are using equity for debt consolidation or home improvements. The key question: is the savings significant enough to make a move today? Every situation is unique, but with programs that allow for no-cost refinancing and accelerated payoff scenarios, the potential benefits can be greater than many expect.

Even if you refinanced in the last couple of years, it’s smart to run the numbers again. Markets move quickly, and opportunities don’t last forever.

Looking Ahead

The next two weeks will be pivotal. Inflation numbers, employment reports, and Federal Reserve commentary will all shape where rates head. If inflation comes in cooler than expected, rates may improve further. If not, we could see a pullback. Either way, staying proactive is the best approach.

For buyers, that means getting approved and ready to write offers. For homeowners, that means running a refinance scenario now rather than waiting until the window closes.

Takeaway

The housing market may feel slower than in past years, but that’s not necessarily a bad thing. Right now, buyers have room to negotiate, sellers who price realistically can still succeed, and homeowners have a chance to restructure debt. In a market where timing and preparation matter, the families who act early will be the ones who benefit most.