04/08/2026
Since February 27, the mortgage market has fallen about 200 points. This drop, linked to the war in Iran, translates to roughly 0.50%–0.75% in mortgage rates.
What this means for everyday homebuyers
Buying power is reduced: lower rates don’t always translate to more affordable monthly payments if home prices rise or if you’re bridging gaps in timing.
Timing matters: gaps between rate movements and your purchase can impact you when you’re ready to bid.
Preapproval status matters: if you were preapproved late last year or early this year, your scenario may look different today.
Next steps
Are you currently on the fence about buying? It may be time to reassess.
Let’s talk about how rate changes affect your plan, and what market activity looks like for the homes you want.
We can review options, lock-in strategies, and timing so you’re ready to act when the right house comes on the market.
