Interest Rates Are Down: Why Now Is a Great Time to Start Your Home Search

Over the past few months, many buyers have been sitting on the sidelines, waiting for a shift in the market. If that’s you, this may be the moment you’ve been waiting for.

Interest rates have come down from their recent highs, and even modest decreases can make a meaningful difference when it comes to affordability. Lower rates can reduce monthly payments, increase purchasing power, and open the door to options that may not have felt possible earlier this year.

What Lower Interest Rates Mean for Buyers

When interest rates drop, buyers often focus on one thing: monthly payment. And for good reason. A lower rate can mean hundreds of dollars saved each month and tens of thousands saved over the life of a loan.

Beyond monthly payments, lower rates can also:

• Increase your overall buying power

• Make higher-priced homes more attainable

• Improve long-term financial flexibility

For buyers who paused their search due to affordability concerns, this shift is already creating renewed confidence.

More Inventory, More Opportunity

Alongside improving rates, we’re also seeing more homes come on the market. Increased inventory gives buyers more choices and more time to make thoughtful decisions, rather than feeling rushed or forced into bidding wars.

This combination - lower interest rates and better selection - creates a window of opportunity that hasn’t been common in recent years.

You Don’t Have to Rush to Benefit

A “good time” to buy doesn’t mean you need to move immediately. It means it’s a smart time to start the conversation, explore options, and understand what today’s market could look like for you personally.

Whether you’re a first-time buyer, moving up, downsizing, or simply curious, getting informed now can put you in a strong position when the right home comes along.

If you’d like to talk through current rates, explore neighborhoods, or take a no-pressure look at what’s available, I’m always happy to help and be a resource.

Sometimes the best move is simply starting the search.