Blogs

May 1, 2025

Great News From the World of Mortgage Rates

At the moment, mortgage rates are still at an all-time low.

What’s the latest news regarding mortgage rates in our real estate market? At the moment, they’re still hovering in the 3% range, which is an all-time low. Specifically, the average fixed rate for conventional loans is 3.75%, while the average for FHA and VA loans is 3.25%. If you’re unsure what type of rate you’d be approved for, what your buying power is, and what your best loan strategy would be, don’t hesitate to reach out to a qualified lender so they can fill you in. You can also reach out to someone on our team—we’d love to walk you through the process and help you decide whether now’s the time to buy your next home.

If you have any other real estate questions or are curious about what else is happening in our market, feel free to give us a call or send us an email. We look forward to hearing from you.