BiggerPockets Daily Mortgage Rates Fall Ahead of Fed Meeting
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Sep 12, 2025 Mortgage rates have hit a yearly low, boosting homebuyer purchasing power significantly. This drop, influenced by a recent jobs report, creates a favorable environment for real estate transactions. As mortgage rates decrease, buyers may see a shift towards a buyer's market, impacting selling patterns for homeowners. The discussion also delves into the potential for further rate cuts by the Federal Reserve and their implications for cash flow and property purchases.
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Jobs Report Dropped Rates And Boosted Buying Power
- A weak August jobs report pushed mortgage rates down to an 11-month low near 6.29%.
- That drop increased buyer purchasing power substantially, allowing buyers to afford larger homes.
Lock Rates Now If You Want Certainty
- If you're serious about locking a mortgage rate, act quickly and lock now.
- Redfin's Chen Zhao warns rates are unlikely to fall much further, so seize the window.
Inventory Favors Buyers Right Now
- The housing market currently tilts toward buyers with more listings than active buyers.
- That imbalance supports price negotiations and concessions for buyers right now.