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News and Trends, Mortgage and FinancingIf you’ve seen headlines claiming mortgage rates are falling, let’s pause for a reality check.
This week’s Freddie Mac Primary Mortgage Market Survey shows the 30-year fixed rate at 6.77%, just barely down from last week’s 6.81%. That’s a 4-basis-point move—a change so small, it’s more of a wiggle than a dip.
Let’s be real: It didn’t dip—it just ticked a wee bit down.
According to Sam Khater, Chief Economist at Freddie Mac:
“Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April.”
That stability is encouraging, but it doesn’t solve the bigger issue we’re seeing across the U.S. housing market…
💸 Affordability Is the Real Crisis
According to a new Realtor.com report, only 3 out of the 50 largest metro areas in the country meet the traditional affordability standard:
📍 Pittsburgh, PA
📍 Detroit-Warren-Dearborn, MI
📍 St. Louis, MO
Meanwhile, buyers nationwide now need to spend 44.6% of their income to afford a median-priced home. That’s well above the recommended 30% threshold—and it reflects how home prices have outpaced wage growth.
“Earnings have risen, but homebuying costs have risen faster,” says Realtor.com Chief Economist Danielle Hale. “That’s making it harder and harder for everyday families to keep up.”
🧭 What This Means for Texas Buyers
Let’s talk local. Texas buyers are feeling the pinch too—especially in high-demand areas like Boerne, Houston, Austin, and San Antonio. We’re not immune to national affordability pressures.
That’s why it’s more important than ever to buy smart:
✅ Know your monthly payment comfort zone
✅ Understand your buying power at today’s rates
✅ Explore options like seller-paid rate buydowns
✅ Leverage local market knowledge (that’s where I come in)
🔍 Final Take:
The media may want to sell a "rate dip" story—but here’s the truth:
Rates are holding steady, and affordability is still tightening.
If you’re waiting for the perfect moment, you might miss the window. Let’s connect now and build a smart, strategic plan—before affordability slides even further.
📲 Call, text, or DM me anytime. I’m here to guide you home—Texas style.
