June 24, 2025

Mortgage rates moved lower today, with the 30-year fixed dropping to about 6.82% — the lowest since late April. If you’ve been waiting for rates to come down, this could be your moment. 🏦 Fed Chair Jerome Powell recently hinted at possible rate cuts as soon as July, signaling a more dovish Federal Reserve. Along with softer economic data like weaker labor numbers and consumer confidence, this is helping mortgage rates edge down.

At the same time, home prices are showing signs of cooling. Recent reports indicate prices dipped slightly in April, which could ease some of the affordability pressure buyers have been feeling. 🏠

If you’re thinking about buying or refinancing, now’s a great time to explore your options and possibly lock in a better rate. Keep an eye on the Fed’s upcoming decisions — rates could drop further or stay a bit volatile for a while. 🔑

Want to see how this fits your home loan goals? I’m here to help you navigate the best options and timing — just reach out!