Mortgage rates took a dive last week—but just as quickly, they spiked again. 📈💥 Tariff rumors are driving major market volatility. Here’s what buyers, sellers, and agents need to know right now. #MortgageRates #RealEstateTips #MarketUpdate
Wondering what’s really going on with the housing market? This post breaks down how tariffs and recession fears impact mortgage rates, why waiting to buy could cost more later, and what rising competition could mean for today’s homebuyers and agents.
The Austin housing market saw a shift from January to February, with more homes hitting the market (inventory up 19.1%) and a slight dip in median home prices (down 3.9% year-over-year). Mortgage rates are still hovering in the 6.65%-6.85% range, with expectations of gradual declines throughout 2025.
Last week’s interest rate movements were influenced by economic data, investor sentiment, and market expectations. As a real estate agent, understanding these trends can help you guide your buyers and sellers effectively. In this blog, we break down what happened last week, what to expect in the coming days, and how you should be advising clients to make smart real estate decisions—no matter where rates are headed.