Mortgage Rates Fall: Buyer Advice

Here’s some good news, Mortgage rates have dropped for the fifth straight week, now averaging 6.67% on a 30-year fixed loan, according to Freddie Mac. That’s a 20+ basis point dip since late May — and there’s a decent chance rates could fall further in the coming months.

Why? While the Fed isn’t expected to cut rates in July, there’s a 70% chance of a cut by September, per CME’s FedWatch. And lenders often adjust their mortgage rates before the Fed makes it official.

If you’re planning to buy this year or early 2026, now’s the time to get ready — before competition picks up again.

3 Moves Homebuyers Should Make Now

1. Check Your Credit Report
   A better credit score = lower rate. Get your free credit report, dispute errors, and pay down high balances.

2. Get Pre-Approved
   Know what you can afford now, and ask lenders about “float-down” options in case rates fall further.

3. Track Local Market Trends
   As rates drop, demand may rise. Pair rate-watching with local inventory trends to spot high-opportunity areas.

Quick Tip:

ResiClub’s new partnership with Epum, a real estate research lab, gives deeper insights into built-to-rent and new housing supply trends — helping buyers understand where more inventory (and deals) may hit next.

Lower rates are opening a window — be ready to step through it before everyone else does.