What Can You Be Doing While Mortgage Rates Fluctuate?
You’ve probably noticed, mortgage rates are riding a rollercoaster lately. One day they’re up, the next they dip, and before you can even text your lender for an update, they’ve changed again! Just me? Ha. It’s wild out there.
While March brought some much-needed stability, April and May have been another story—full of ups, downs, and a lot of buyer hesitation. If you’re feeling stuck trying to “time” the market perfectly… here’s some honest advice: you might be waiting a long time.
But that doesn’t mean you’re powerless.
Here’s what you can control—and how to use it to your advantage:
✅ Boost Your Credit Score
A difference of just 20 points on your credit score could make a noticeable impact on your monthly payment. The higher your score, the better your mortgage rate. Not sure where you stand? I know some fantastic local lenders who can pull your report and create a simple plan to improve it.
✅ Pick the Right Loan Type
FHA, VA, USDA, and conventional loans all come with different advantages—and they often come with very different interest rates. The right loan for you depends on your financial goals, down payment amount, and other factors. It’s not one-size-fits-all, and I can help connect you with a lender who’ll explain your options clearly.
✅ Be Strategic About Loan Terms
Choosing between a 15-year and 30-year mortgage can dramatically affect your interest rate and overall loan cost. Some lenders will just quote the standard 30-year fixed—but there are many options worth exploring. Make sure someone’s walking you through all of them, not just trying to close the deal fast.
Final Thoughts
You can’t control the headlines or the interest rates, but you can take meaningful steps toward the best financial outcome. Whether you’re buying your first home, upgrading, or just curious where you stand, take action based on what you can do.
And if you're ready to talk strategy (no pressure), I’d love to grab a coffee or iced bevy with you. Let’s build a plan that works for your timeline and your goals. 💬
It’s summer after all—let’s make moves. You’ve got this!