Updated 07/03/2026
Interest rates are down slightly but still hover around 6% with the best 30 year fixed rates I’m seeing being around 5.875%. The Iran war is winding down and oil prices are down a little which helps lower inflation, which in turn lowers interest rates. I’m optimistic that rates will drop down a little more later in the year. Hopefully that will be a trend that follows through next year, bringing rates a little lower over the next 12 months. I’m predicting 5.625% or maybe even 5.5% next year
If I were buying a home right now I would not pay points for a lower interest rate but buy now and wait till rates are down and then refinance. I would even seriously consider an adjustable-rate for its initial discount and as I said, refinance when rates are down. If you wait till interest rates are down, then equally home prices will be up. The following link is not necessarily the absolute best rates, so shop around or call me and I’ll give you a few referrals of lenders who could beat these average rates. Click Here To See Current Interest Rates
Click here to See Government Borrowing In Real Time. You won’t believe your eyes!
If you have any questions, feel free to call me. Alex Schauffert 707 332 8301
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