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Category: Mortgage Rates

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Why Buyers Shouldn’t Overlook a Fall Move

Written by Fidelity Home Group Syndicated User on . Posted in Affordability, First-Time Buyers, Florida Mortgage, Florida Mortgage Rates, For Buyers, Home Prices, Inventory, Mortgage Florida, Mortgage Rates.

Why Buyers Shouldn't Overlook a Fall Move Simplifying The Market

You’ve been waiting for something to change before you buy. It just might not be the thing you expected…

While everyone’s paying attention to mortgage rates, only the savviest buyers know that the changing season can start tipping things in their favor. 

Because every fall, buyers tend to get more to choose from, better prices, and more room to negotiate. And that’s why Hannah Jones, Senior Economist at Realtor.com, says:

“We always see that the best time to buy window usually falls in the early fall around October.”

And that’s exactly why, if you’ve been waiting for a better moment to buy, this season may be worth a closer look – even with rates where they are.

1. There Are More Homes To Choose From

One of the biggest frustrations buyers have had over the past few years has been a lack of choices. Fall tends to help with that.

Based on seasonal trends, Realtor.com data shows there are typically more homes available for sale in September through November than during any other season of the year (see graph below):

a graph of a number of homesWhy does this happen? Homes that hit the market in spring and summer don’t all close right away. Some sit. New listings keep coming. And inventory builds as the year goes on.

By fall, you’re looking at the largest pool of available homes all year. That makes it easier to find one that works for your needs and your budget. And if anything, this should be more true this year. Rates that are higher for longer tend to help inventory grow even more.

More choices can mean fewer compromises. You’re more likely to find the right home, not just the one that happens to be available.

2. Asking Prices Start To Drop

Having more choices is great. But if every home is still priced too high, that only gets you so far. That’s where fall’s second advantage kicks in: asking prices start their seasonal decline. 

HousingWire data shows this trend over time (see graph below):

a graph of a number of blue and green barsIt works like this. Spring and early summer are when sellers feel the most confident because that’s when demand is typically strongest. So, many homeowners price their homes higher during those periods because of the uptick in demand.

But every year, like clockwork, that dynamic starts to change by fall. Buyer activity slows down as the weather cools off. So, sellers have to price a bit lower to try to draw buyers in. And that’s good for your bottom line.

3. More Sellers Are Willing To Negotiate

But fall doesn’t just bring more choices and lower asking prices. It also brings more sellers who are increasingly motivated to get a deal done. 

You can see it in the data. Most years, fall is when price cuts peak according to Realtor.com data (see graph below):

a graph of sales with numbers and text

While it’s not a big difference from summer, this fall you’ll have more negotiation power than you’d have if you wait until the first half of 2027. Here’s why. 

If a home is on the market in the fall, many sellers are eager to get it sold before the holidays. And since there are usually fewer buyers active in the fall, that often leads to another opportunity to snag a better deal. As the National Association of Realtors (NAR) explains:

“Less competition can lead to better deals. While homes are not selling as fast as during the summer, sellers may be more willing to negotiate.”

Even a small seller compromise here can make a meaningful difference for you. 

As an example, a 5% price drop on a $500,000 home is $25,000. That could mean you end up borrowing less, keeping more money in savings, having room in the budget for updates after you move in, or simply making the monthly payment feel more manageable.

Bottom Line

Of course, every market moves a little differently. But here’s what doesn’t change: Fall consistently buyers. More homes. Lower asking prices. Motivated sellers. 

If you’ve been waiting for your search to feel a little more doable, this season may be worth another look.

Have a quick conversation with a local agent about what’s happening in your market. That way you can find out whether this fall gives you opportunities you may not have had a few months ago.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

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Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

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Invest in Florida with DSCR loans

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

Start your home purchase qualifier with no personal info. DSCR loans simplify qualifying by focusing on property income, not personal earnings, ideal for Florida investors with complex income. Get your rate ? Link in profile #FloridaRealEstate #InvestmentLoan #DSCRMortgage

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What’s wrong with conventional loans for investment properties? ?

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

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When the perfect property finally hits the market.

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

Start your home purchase qualifier with no personal info. Get your rate in minutes and see how easy funding your non-warrantable condo, condotel or DSCR can be. ? Link in profile #OrlandoRealEstate #CondotelLoans #dcsrloans #MortgageRates #FloridaMortgage

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Florida DSCR Loans

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

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See Today’s Mortgage Rates

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida, Mortgage News, Mortgage Rates, Orlando Florida News, Real Estate Updates.

Considering a new investment property in Florida but worried about timing? Bridge loans might be the solution you need. They provide short-term financing, letting you act quickly without waiting to sell your current property first. This means you can close deals faster and make seamless transitions between properties. A bridge loan gives you flexibility and speeds up your ability to seize opportunities in Florida’s competitive market. It’s a tool that keeps your investment moving forward without delays. If you’re looking to invest smartly and efficiently, understanding bridge loans can make a big difference. Start your home purchase qualifier or get a rate quote today — all without sharing your personal information! #FloridaRealEstate #InvestmentProperty #BridgeLoans #RealEstateTips #PropertyInvesting

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Here’s Why Mortgage Rates Are What They Are Right Now

Written by Fidelity Home Group Syndicated User on . Posted in Affordability, Economy, Florida Mortgage, Florida Mortgage Rates, For Buyers, For Sellers, Mortgage Florida, Mortgage Rates.

Here’s Why Mortgage Rates Are What They Are Right Now Simplifying The Market

If you’re waiting for mortgage rates to fall a lot before you buy, you may be waiting a while. But before you get discouraged, there’s a number working behind the scenes that’s actually good for you right now. It’s called the spread, and once you understand it, you may see today’s rates in a whole new light.

The Pattern That’s Held for 50+ Years

For starters, mortgage rates don’t move on their own. They tend to follow the 10-year treasury yield, a number tied to how investors feel about the economy.

It’s not an exact science, since plenty of other factors can move it day to day, but broadly speaking, when the economy looks strong, that yield tends to climb over time. When the outlook gets shaky, it tends to ease. For over 50 years, the 10-year treasury yield and mortgage rates have moved almost in lockstep (see graph below):

a graph of a graph showing the number of mortgage rates

The gap between them is called the “spread.” On average, that gap runs about 1.76 percentage points. And that spread impacts your mortgage rate. A wider spread tends to push mortgage rates higher than the treasury yield alone would suggest, while a narrower spread keeps rates closer to the treasury yield.

One of the Big Reasons Rates Likely Won’t Drop Dramatically Anytime Soon

If you’re hoping mortgage rates will drop a lot, here’s the reality – they probably won’t, at least not anytime soon. One of the big reasons why comes down to that spread between the 10-year treasury yield and mortgage rates.

A few years ago, that gap got a lot wider as uncertainty in the economy pushed it as high as 3.19 points in 2023.

Now here’s the part worth noting – that gap has been narrowing lately. It’s down to about 2.01, just above the long-term average of 1.76 (see graph below):

a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of a graph of

When the gap is wide, there’s more room for rates to fall. But when it’s relatively normal, like it is now, there’s less wiggle room for rates to fall.

Why Mortgage Rates Aren’t Higher Right Now

Today’s mortgage rate is basically the treasury yield plus the spread. So, when either one moves, your rate moves with it. Here are 3 different rates, all built off today’s 10-year treasury yield of 4.68% to show you just how much the spread matters for your bottom line (see graph below):

a graph of a graph showing a rate of interest

If the spread were still stretched out like it was in 2023, rates would be pushing close to 8% right now. That’s because the spread was over a full point wider than it is today.

But now, thanks to the spread narrowing recently, today’s rate sits around 6.69%. That’s the middle scenario in that visual. That’s a big difference in your monthly payment compared what we could see if the spread was as big as it was 2023. As Logan Mohtashami, Lead Analyst at HousingWire, put it:

“Of course, mortgage spreads being better in 2026 is the housing hero story of the year . . .”

Now compare that middle bar to the 3rd one. If the spread were sitting at its exact long-term average, rates would be around 6.5%. That’s only about a quarter of a point away from where rates actually are today. That means most of the improvement in mortgage rates we should realistically expect from a shrinking spread has already happened.

In other words, the same narrowing spread that’s the reason rates aren’t close to 8% today is also a big reason why they’re not likely to fall a lot further.

Bottom Line

That’s the trade-off with a narrowing spread. Rates may not be where you want them, but they’re better than they could’ve been. If you want help figuring out what that means for your monthly payment, reach out to a local lender

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Thinking About Waiting for Lower Mortgage Rates? Read This First.

Written by Fidelity Home Group Syndicated User on . Posted in Affordability, Buying Tips, Economy, Florida Mortgage, Florida Mortgage Rates, For Buyers, Forecasts, Mortgage Florida, Mortgage Rates.

Thinking About Waiting for Lower Mortgage Rates? Read This First. Simplifying The Market

Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating.But it’s a real possibility.

A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. But, based on today’s forecasts, that may not happen. And you should know that before you decide what to do.

Let’s look at why experts don’t expect a dramatic drop in rates – and the options that could help you buy anyway. Because even if rates don’t fall, you can still move. Here’s how.

1. Mortgage Rates Aren’t Expected To Fall in a Meaningful Way

If you’re waiting for rates to fall, you’re not alone. A recent survey from Clever-Best Interest found 42% of people believe mortgage rates will drop below 5% this year.

The challenge is, that’s not what the experts who study mortgage rates every day are expecting.

Forecasts from Fannie Mae, the Mortgage Bankers Association, and Wells Fargo all show mortgage rates staying relatively steady in the low-to-mid 6% range through at least mid-2027 (see graph below):

a graph with numbers and lines

Why? Rates are influenced by inflation, the overall economy, Treasury yields, Federal Reserve policy, global events, and a lot of other moving pieces. And right now, those factors simply aren’t pointing toward the kind of dramatic rate drop many buyers are waiting for.

Could rates move a little? Of course. But if you’re holding out for a bigger drop, today’s forecasts suggest you may be waiting a lot longer than you expect.

2. Inflation Is Still Elevated – And That’s Working Against Lower Rates 

One reason experts aren’t expecting rates to fall much? Inflation. Generally speaking, high inflation is the enemy of lower mortgage rates.

And after a period of relative stability from mid 2023 to late 2025, recent data shows inflation has actually been trending higher lately (see graph below):

a graph of a number of people 

In other words, one of the biggest ingredients needed for much lower mortgage rates simply isn’t in place today. That helps explain why experts aren’t forecasting the kind of meaningful decline so many buyers are hoping for.

3. Today’s Rates Aren’t High, They’re “Normal”

And this may be the biggest mindset shift of all. The reality is, while today’s rates may feel high compared to a few years ago, they’re not high. They’re normal.

Historically, mortgage rates have spent the majority of their time somewhere between about 5% and 10%. And data from Freddie Mac shows we’re actually well in that range today. It just feels high because we all remember the ultra-low rates homeowners got during the pandemic (see graph below):

a graph of a graph showing the rise of a mortgage rate 

Now, this doesn’t suddenly make a 6% mortgage feel exciting. But it does remind us that waiting for super low rates again may not be a realistic strategy.

So… What Should You Do Instead?

None of this is meant to convince you that you have to buy today. You don’t. But if you need to because something in your life’s changed, there are still ways to find better affordability without waiting for mortgage rates to fall.

  • Check out newly built homes. Many builders are offering incentives to attract buyers, including price cuts, potentially lower rates, free upgrades, and more.

  • Ask about an adjustable-rate mortgage (ARM). If you don’t plan to stay in the home long-term, an ARM may offer a lower initial interest rate than a traditional 30-year fixed mortgage. It’s not the right choice for everyone, but it’s worth asking a lender if it fits your plans.

  • Look into mortgage rate buydowns. This is when you pay upfront to reduce your mortgage rate so you can get for a lower monthly payment without waiting for rates to fall.

  • Find out about assumable mortgages. An assumable mortgage allows you to take over the seller’s existing loan, including its lower mortgage rate.

The important thing is you shouldn’t assume waiting is your only option.

Talk with your real estate agent and lender about whether one of these strategies could be a good fit for you.

Bottom Line

If you’ve been putting your home search on hold because you’re convinced mortgage rates will be much lower soon, it may be worth taking another look at that strategy.

Connect with an agent or lender so you have an expert who can at least walk you through your options and decide whether waiting really puts you in a better position – or just keeps you on the sidelines a little longer.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida