11/20/2025
These screenshots show the average rates on 9/16 (the first Fed rate cut announcement), 10/28 (the second fed rate cut announcement), and yesterday 11/18...
So what's the point?
The average rate locked on 9/16 was 6.17% (the lowest in the graph) on a Conventional...
The average rate locked on 10/28 was 6.118% on a Conventional...
And the average rate locked yesterday was 6.23% on Conventional...
The peak rate was 6.345%...
The difference in payment between the low and the peak rates is a whopping $49/month...
What these graphs don't show is the amount of seller concessions being given on these loans...
The average amount of seller concessions on loans I've done in this timeframe is $13,541. That is the number that will decrease and go away as rates continue to fall...
Imagine waiting for rates to drop to save less than $100/month and giving up thousands of dollars in closing costs and buydowns...
Stop trying to time the market perfectly and just get in the house before the wave hits... it's coming, you can either surf it or let it knock you around...
