Joel SticeWith mortgage rates easing slightly in recent months, many hopeful buyers are asking the big question: is housing affordability about to improve, or are rates still too high to make a difference? The reality is a mixed picture. Rates may continue to trend downward in the short term, but affordability challenges will remain for most buyers well into the next decade.
Joel SticeAs of mid-July 2025, mortgage rates for a 30-year fixed loan are averaging around 6.72%, according to several independent housing market trackers. This marks a slight uptick after a five-week period of rate declines. While the Federal Reserve has kept its benchmark interest rate steady, the market is anxiously awaiting the next round of inflation data, which could push mortgage rates i
Joel SticeIf you’ve been following real estate headlines, you’ve probably seen the phrase “housing slowdown” thrown around a lot in 2025. But unlike the crash of 2008, today’s market is cooling—not collapsing.
