Posts with tag 'Ruhl Mortgage'
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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 |
6
Expert Financing Tip from Ruhl Mortgage
What's the mortgage tip for homebuyers and sellers this summer? Have your homeowners insurance configured early! Chris Schneider, President of Ruhl Mortgage, suggests getting your insurance lined up, "as soon as you get a home under contract." Why? Many clients want to know their full payment amount prior to closing. To ensure that your closing does in fact happen on time and accurate figures are used, your loan officer needs your final insurance premium amount. Often this information is overlooked or saved until the very end of the process because it is thought to not greatly influence one's mortgage. "We will see a client negotiate hard for a few thousand dollars on the purchase price, which only changes the payment on a 30-year loan about 5/per thousand," says Schneider, "but then they will get an expensive insurance policy from a national carrier," which may change the amount factored into your monthly mort...
