National: Mortgage Rates and Buyer Behavior 📊

Mortgage Rates Near Multi‑Year Lows; Buyers Cautious

National housing market data this week shows a notable trend: U.S. mortgage rates have dipped to levels not seen in over three years, with the average 30‑year fixed rate around 6.0% per Freddie Mac. While rates remain elevated compared to pandemic lows, this downward movement can ease monthly payments for qualified buyers and may encourage more activity as we head toward spring. A recent Redfin report highlights that pending home sales have fallen compared to last year as some buyers remain cautious, taking their time to decide or waiting for the right opportunity. Homes are staying on the market longer, giving buyers a bit more time to consider their options. Buyers and sellers nationwide are adapting to a more balanced pace compared to prior years with rapid activity. If you’re watching timing or affordability, it’s worth noting that mortgage rates can change quickly based on economic conditions. This post is informational and not financial advice. For individual advice tailored to your situation, connect with a trusted lender. Local market conditions still vary greatly, so working with an experienced agent like Grant Linhart with 100+ positive Google reviews and 40+ transactions in 2025 can make all the difference Nationally mortgage rates are near multi‑year lows and pending sales show thoughtful buyer decision‑making. Every local market feels this differently. Let’s talk about what it means where you live. Reach out to talk strategy for your next move.

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