Where Sharp Strategies Meet Dream Homes

STUBBORN HOME MORTGAGE RATES!!
Interest rates still remain stubborn hovering in the upper 6% to 7%+. Predictions still seem positive. Over the next 18 months, U.S. home mortgage interest rates are projected to experience a modest decline. As of August 2025, the average 30-year fixed mortgage rate stands at approximately 6.375 - 6.55%. Local lenders are a bit lower, with one showing 6.125% for 30 year fixed and as low at 5.875% for FHA, VA, and USDA loans. So working with a local lender may find you better financing. I can help you locate and find the right lending partner for you.

Forecasters anticipate the rate to remain around 6% into 2026. Most forecasters see a possible minor dip in rates, but not a sharp decline. 

SHOULD I BUY NOW OR WAIT FOR INTEREST RATES TO DROP?
Buying now advantages:
Start building equity immediately
Potentially less competition for houses on the market
If house values increase, you have extra equity in the house
If rates drop considerably, you can refinance to get lower payment

Waiting for rates to drop advantages:
Lower mortgage rate = lower house payment or shorter term loan

Waiting for rates to drop potential disadvantages:
Increased buyer pool may drive up prices
Higher home prices will increase house payment
More competition for the house of your choice

Given the dynamics of the fluctuating home interest rate market, potential buyers should consider their personal financial situation and long-term plans rather than attempting to time the market based on interest rate changes. Consulting with financial advisors or mortgage professionals can provide guidance tailored to individual circumstances.