The Federal Reserve met on July 30th and decided not to change its benchmark interest rate. While inflation has continued to ease, the Fed wants to see more consistent progress before making any cuts. Most experts expect any reductions to come later in the year or into 2026.
Mortgage rates have been moving within a very narrow range for several months. Weekly changes have been minimal, creating a more predictable environment for buyers and homeowners considering refinancing.
More homes are available – Inventory has been improving in many areas, giving buyers more options.
Price growth is slowing – In some markets, prices are even seeing small declines.
The job market is cooling – July saw slower job growth and a slight increase in unemployment, which could eventually help bring rates lower.
If you’re a buyer, stable rates can make planning easier and help you feel more confident about locking in a loan when the right home comes along. If you’re a seller, increased inventory means standing out with the right pricing and marketing strategy is more important than ever.
Whether you’re buying your first home, upgrading, downsizing, or refinancing, I can help you explore loan options that fit your needs. I’ll walk you through today’s market conditions, your potential payment scenarios, and what steps to take next to get pre‑approved.
This content is for informational purposes only and is not a commitment to lend. Market conditions can change without notice and vary based on your credit profile and other factors. Please contact me directly for personalized mortgage guidance.
