01/30/2026
Mortgage Rate Update | What This Means for You
Mortgage rates have quietly moved lower and are now sitting at 3½-year lows — and that’s starting to show up in real affordability.
Compared to this time last year, many buyers are seeing rates 0.75%–1.25% lower, which can make a meaningful difference in monthly payments.
What that means in plain English:
• Buyers can often afford more home for the same payment
• Or keep the same price point and save hundreds per month
• More flexibility with seller concessions, builder incentives, and rate buydowns
• Less volatility and more predictability than we’ve seen in years
For homeowners, this is also a refinance window worth paying attention to. If you bought or refinanced in the last few years at higher rates, today’s market could offer:
• Lower monthly payments
• Improved cash flow
• Or a chance to reset your loan while keeping future refinance options open
You don’t need to time the market perfectly — you just need to understand your options.
If you’re thinking about buying, refinancing, or just want a quick payment check, I’m happy to walk through the numbers with you. A short conversation can tell you a lot.
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