Market

Mortgage Rates Are Falling—3 Things You Need to Know Now

March 6, 2025

If you’ve been following the housing market, you’ve probably seen the headlines—mortgage rates have fallen for the sixth straight week. That’s a big deal, especially after the sharp spikes we saw last year. But does this mean it’s time to jump into the market? Or is there more to the story?

I recently contributed to a USA Today article on this very topic, discussing what I’m seeing in the Shawnee and Central Oklahoma real estate market. A big thank you to Andrea Riquier for her sharp reporting—I’ve worked with her before, and she has a gift for making market trends accessible and relevant.

The Market Isn’t Moving Like It Normally Does

Before the pandemic, spring break typically marked the beginning of prime home-buying season. Then, in the chaos of the pandemic years, all the usual rules went out the window—demand surged, timelines blurred, and seasonality barely mattered. Since then, the market has started to settle into new patterns, with the buying season kicking off around Super Bowl weekend. But this year? The momentum is building more gradually, with buyers taking a more thoughtful approach before jumping in.

As I mentioned in the article:

“Activity right now is picking up, but not at a rate we would have normally seen.”

Why? Because uncertainty is keeping some buyers on the sidelines. Economic concerns, mixed messages about inflation, and national market shifts have created a wait-and-see mentality for many.

The Buyer Mindset Right Now

Lower rates should make homeownership more affordable, right? Yes—but affordability is more than just an interest rate.

Many buyers are still hesitant because:

  • They’re unsure whether rates will drop even further
  • Rising home prices in some areas make them cautious about jumping in too soon
  • Economic shifts—job security, inflation, and policy changes—are making people think twice

As I said in USA Today:

“A buyer dipping their toe in the water right now is more concerned than normal just because there seems to be a lot of moving parts that we don’t have good messaging on.”

Translation? Buyers aren’t necessarily saying “no”—they’re likely saying “not yet.”

Should You Buy or Sell Right Now?

Here’s the thing: timing the market perfectly is impossible. By the time you think it’s “just right,” competition has already picked up, prices have adjusted, or interest rates have changed again.

That’s why local expertise matters more than ever.

  • A LOCAL lender can help you track mortgage rates and refinancing opportunities specific to your situation.
  • A LOCAL REALTOR® (like yours truly!) can guide you through market shifts, negotiate smartly, and help you make the right move at the right time.

The Bottom Line

Yes, mortgage rates are dropping. But the real question isn’t just “Are rates low?”—it’s “What’s the best move for YOU?”

If you’re thinking about buying or selling, let’s talk strategy. Every market shift creates opportunities—but only if you know how to navigate them.

📲 Call, text, or message me today to discuss your next steps.

👉 Need help choosing the right lender? Check out my trusted real estate resources.

You can read the full article here: USA Today