Mortgage Rates Just Saw Their Biggest Drop in Over a Year – Here’s What It Means for Homebuyers
Mortgage rates just experienced their biggest drop in more than a year, creating new opportunities for homebuyers and homeowners looking to refinance. As of September 5th, the average 30-year fixed mortgage rate fell to its lowest point since October 2024, saving buyers nearly $200 per month compared to rates earlier this year. This shift was driven by weaker-than-expected jobs reports, signaling a slowing economy and pushing mortgage rates lower. For anyone considering buying a home, refinancing, or exploring real estate opportunities, now is a great time to connect with a trusted local mortgage lender or real estate agent. Lower mortgage rates mean increased affordability, thousands in annual savings, and the chance to secure a better home loan.
Don’t wait reach out today to see how much you could save with today’s mortgage rates.
