With rates approaching seven percent, mortgage rates have reached their highest level in nearly six months. Although rates are higher than this time last year and affordability remains a challenge, there is a positive trend with more buyers entering the market as pending home sales increase.

According to Freddie Mac, this week, the 30-year fixed-rate inched up 0.06 basis points, bringing the U.S. weekly average to 6.91%. One year ago, the rate was 6.62%.

Homebuyer Market is coming alive in 2025!

Homebuyers are stepping off the sidelines and seizing the opportunity to purchase homes, undeterred by current interest rates. They understand that refinancing to their target rate when rates eventually drop will save them in the long run. Most importantly, they are investing now, preserving the equity and wealth they would have missed out on if they had waited longer.

What are your financial aspirations for 2025? Reach out to us by message or call 561-831-8911, and let’s have a discussion.