If you have been waiting for rates to drop, they just did.
We are now at the second-lowest mortgage rate level in three years — only January 9th was lower. This is not a drill.
What Happened?
Last week brought some market volatility. The Supreme Court tariff ruling caused a brief spike in the morning, but bonds showed remarkable resilience. By Friday afternoon, the average lender had actually moved rates lower.
The economic data is helping too. GDP came in softer than expected (1.4% vs the 3.0% forecast), which keeps pressure off the Fed and supports lower rates.
What This Means for Buyers
Lower rates mean more buying power. Period.
At today’s rates compared to where we were six months ago, the same monthly payment now buys you a more expensive home — or the same home costs you less per month.
Here is the math that matters:
- Mortgage applications are up 2.8% week-over-week
- Buyers who were waiting are starting to move
- Inventory is still tight in Volusia County
The people acting now are getting ahead of the spring rush.
The Volusia County Picture
Nationally, homes are selling in 34 days — 8 days faster than last year. Here in Port Orange, Daytona Beach, and New Smyrna Beach, we are seeing strong buyer activity.
Good homes in good locations are not sitting. And with rates at these levels, motivated buyers have real opportunity.
The Window Is Open
Rates have been lower exactly once in the past three years. That is it.
If you have been telling yourself “I’ll buy when rates come down” — well, they came down. The question now is whether you are ready to act.
Ready to see what today’s rates mean for your buying power? Let’s talk. A quick conversation could be the start of finding your next home.
The Hoover Home Team serves Port Orange, Daytona Beach, New Smyrna Beach, Ormond Beach, and all of Volusia County. We are here when you are ready to make your move.
