Mortgage Rates & Trends

Mortgage rates significantly impact home affordability and refinancing options, making them a key factor in real estate decisions. Rates fluctuate based on broader economic conditions, including inflation, Federal Reserve policies, and lender competition.

Fixed-rate mortgages offer stable, predictable payments over the life of the loan, while adjustable-rate mortgages (ARMs) often begin with lower rates that can increase over time. Each option has pros and cons depending on your financial goals and how long you plan to stay in the home.

Monitoring mortgage rate trends can help buyers and homeowners decide when to act—whether to purchase, refinance, or lock in a rate. Staying informed about rate movements can lead to meaningful long-term savings and better financial planning.