10/30/2026
Mortgage rates just hit a low not seen in over a month, what could this mean for buyers and sellers in Orlando? 📉
The average 30-year fixed mortgage rate has dropped to 7.24%, according to Freddie Mac, down from 7.32% last week and marking two consecutive weeks of declines. While that’s still higher than last year’s rate of 6.17%, it’s a signal that conditions are shifting for anyone considering a move.
For those on the fence about buying or refinancing, this dip opens up new possibilities. Even a small reduction can impact affordability and monthly payments. In my work across the Orlando metro, a change in rates often shifts the pace and confidence of both buyers and sellers.
If you’re weighing your options, a fresh look at your numbers could reveal new opportunities in today’s market. Have you been waiting for rates to move, does this change your plans? Tell me what you think below! 👇