For homebuyers, especially first-time homebuyers, interest rate changes are particularly impactful because lower rates can make getting a mortgage loan easier, while higher rates can make it more difficult.
In February, the 30-year fixed rate receded by 13 basis points from 6.89% to 6.76%, according to Freddie Mac, offering a glimmer of hope for prospective buyers as we enter the spring-buying season.
However, inflation concerns may continue to fuel mortgage rate volatility, with most experts forecasting that rates will ease only gradually as we move through 2025.
For many prospective buyers who have put off moving only to see prices soar while they waited for interest rates to drop, the quandary is whether now is the time to buy. CLICK THE LINK TO READ THE WHOLE ARTICLE. https://www.qualitychoicetitle.com/blog/the-realsource/2025/04/14/what-should-you-know-about-interest-rates-and-the-spring-housing-market?utm_medium=email&utm_source=realsource_newsletter&utm_campaign=realsource_story1_image
