Mortgage Rates Sink to an 11-Month Low—Will Fed Cuts Push Them Even Lower?

Mortgage rates have just dipped to an 11-month low, with the 30-year fixed now at 6.48%—the lowest we’ve seen since October 2024. These shifts are always influenced by factors like inflation, market demand, housing supply, and of course, bond yields. In my decades of working with buyers and sellers throughout Oxford, Lapeer, Lake Orion, and surrounding areas, I’ve seen firsthand how challenging it can be to time the market perfectly. The best move is to make decisions when you’re truly ready, rather than waiting for rates to fall even further—sometimes, the right opportunity is the one in front of you. My commitment is to keep you informed and supported, so you can navigate each step with confidence, just as I have for hundreds of families over the years.