Posts with tag 'mortgage'
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30
Why Homebuying Is Becoming More Affordable This Fall
For the past couple of years, many homebuyers have struggled to make the numbers work. Home prices rose quickly, mortgage rates climbed, and affordability became a major challenge. As a result, a lot of buyers pressed pause on their plans.
But there's good news. If you've been waiting for a better time to re-enter the market, affordability is finally showing signs of improvement this fall.
Mortgage Payments Are Coming Down
According to the latest Redfin data, the typical monthly mortgage payment is now about
16
Mortgage Rates Are at Their Lowest in Over a Year—Here's Why Now Is the Time to Buy or Refinance
Have you been dreaming of owning your first home or upgrading to your dream house with a white picket fence? With mortgage rates still at their lowest level in over a year, now may be the best time to make your move.
Whether you're preparing to buy your first home or refinance your current mortgage, today's rates could help you save thousands of dollars and turn your goals into reality.
Why Low Mortgage Rates Matter
Mortgage rates directly affect your monthly payment and the total amount of interest you'll pay over the life of your loan. When rates are low:
8
Mortgage Rates Drop in August 2025 to Lowest Rates Since April 2025
Mortgage rates have taken a welcome dip in recent weeks, offering a glimmer of relief for homebuyers, homeowners, and anyone watching the housing market forecast. The recent shift is tied directly to a decline in the 10-year Treasury yield and the economic trends influencing it.
Mortgage Rates in August 2025: The Latest Numbers
The 10-year Treasury yield, a key benchmark for 30-year mortgage rates, has fallen from 4.7% earlier this year to about 4.25% today. This decline has helped push mortgage rates down from 7.04% in early 2025 to the 6.125%–6.5% range now.
Some borrowers, particularly those using government-backed mortgages like FHA, VA, or USDA loans, are seeing even lower rates thanks to more favorable note yields.
Why Are Mortgage Rates Dropping?
Several recent economic developments have contributed to the decline in the 10-year Treasury yield and mortgage rates:
- Slowing job growth and softer employment reports
- Signs that the overall economy is cooling
- Expectations of a Federal Reserve interest rate cut in September 2025
When the economy slows, investors often anticipate rate cuts from the Fed. This tends to push Treasury yields lower, and when yields fall, mortgage rates usually follow.
Mortgage Rate Forecast for Late 2025
Right now, the 10-year yield is hovering near an important level: 4.2%. If yields drop below that point and head toward 4.0%, possibly due to cooling inflation or further economic slowdown, mortgage rates could fall into the high 5% to low 6% range by Q4 2025.
However, there are still factors that could keep rates higher:
- Proposed tariffs, which could be inflationary or deflationary depending on implementation
- Persistent inflation is keeping the Fed cautious about cutting rates too quickly
What Lower Mortgage Rates Mean for Buyers and Homeowners
Lower mortgage rates can increase affordability for homebuyers and improve refinancing opportunities for homeowners. Even a small decrease in interest rates can make a noticeable difference in monthly payments and long-term interest costs.
If you're planning to buy or refinance, now is the time to contact a trusted Ruhl Mortgage Lender who can consult with you on your next best step. Since home prices are still appreciating, waiting for a minor rate adjustment may not be the smartest move, considering that the trade-off would be paying a higher price for the property. For more information about Ruhl Mortgage, visit RuhlMortgage.com.
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RuhlMortgage.com | 866-441-1862 | customerservice@ruhlmortgage.com Ruhl Mortgage LLC, NMLS #935629 | IL Residential Mortgage | License MB.6760937 | IA #2012-0110 | WI #935629BA - For licensing information, go to: www.nmlsconsumeraccess.org |
1
Navigating The Market for Prospective Homebuyers
If you've been considering purchasing a home, your main concerns are probably mortgage rates and home prices. This might even be the reason you've suddenly delayed your plans. Some buyers discovered that the numbers simply didn't make sense for their budget when rates increased last year. However, there might be some good news for you!
Economic Data Manager at Realtor.com, Sabrina Speianu, says "The spring housing market could shape up to provide home shoppers with a more plentiful supply of less expensive homes than last year," and although inventory is still not as plentiful as in the pre-pandemic days, "home shoppers will have more choice, and in particular more choice of lower-priced homes."
The number of homes actively for sale in February was up 14.8% from February of 2023, and more inventory means more choices for buyers!
Home Prices Will Remain Steady
24
Why Getting Pre-Approved Should Be Your First Step
In our markets, buyer demand outpaces the current number of homes for sale. Now, more than ever it is important to get pre-approved before beginning your home search.
Get a better idea of what you can afford.
A pre-approval can help determine how much you can afford and what a lender would be willing to lend you. So don't waste time and energy looking at houses you can't afford.
Stay competitive with other potential buyers.
You may lose out to other buyers who are already pre-approved if you find your ideal home.
Have your offers welcomed by agents.
Real estate agents are well aware that an offer may fall apart if the buyer has not been pre-approved. Contact us with questions or visit RuhlMortgage.com to learn about pre-approval, to get a second opinio...
