If you’ve been watching the housing market and waiting for the “right time” to buy, this might be the window you’ve been hoping for.
Mortgage rates have recently taken a dip—the most significant drop we’ve seen all year—and that could mean more buying power, lower monthly payments, and a chance to make your move on the Carolina coast.
Let’s break down what’s happening and why now could be the perfect time to take the next step.
1. Mortgage Rates Are Down for the Seventh Straight Week
According to Freddie Mac, mortgage rates have been on a steady decline for the past seven weeks. After climbing above 7% earlier this year, they’re now sitting in the mid-6% range—marking the lowest point of 2025 so far.
That’s big news, especially considering many experts didn’t expect rates to dip this low until the third quarter of the year.
“Mortgage rates declined last week on souring consumer sentiment regarding the economy and increasing uncertainty over the impact of new tariffs levied on imported goods into the U.S. Those factors resulted in the largest weekly decline in the 30-year fixed rate since November 2024.”
— Joel Kan, Deputy Chief Economist, Mortgage Bankers Association
2. What This Means for Homebuyers in Coastal North Carolina
If you’re buying a home, even a small shift in rates can make a meaningful difference in your monthly mortgage payment.
Here’s an example:
• In mid-January, the average mortgage rate was 7.04%
• Today, that number has dipped into the mid-6% range
On a $400,000 home loan, that change could save you more than $100 a month—that’s over $1,200 a year in your pocket.
For buyers eyeing properties in Oak Island, Southport, Leland, or Wilmington, this extra room in your budget can be the difference between just looking and finally locking in your dream home.
3. Why Now Might Be the Sweet Spot
We all know mortgage rates don’t stay still for long. While this decline gives buyers a welcome break, the market can shift quickly depending on economic data, global events, or Federal Reserve decisions.
So if you’re thinking:
• “I want to wait until rates drop even more…”
• Or “Maybe I’ll just time the bottom…”
Be careful not to wait too long. Timing the market perfectly is tricky—even for the pros. Instead, focus on whether current conditions give you the affordability and confidence you need to move forward.
4. Let’s Talk About Your Buying Power
At Carolina Coastal Group, we’re all about helping you make informed, confident real estate decisions. That’s why we’re here to break down the numbers, explore your options, and guide you toward the home that fits your lifestyle and budget.
We specialize in helping buyers just like you find the right opportunity—whether you’re searching for a beachside retreat in Oak Island or a family-friendly neighborhood in Leland.
Bottom Line
Mortgage rates just hit their lowest point of the year—giving buyers more flexibility, affordability, and opportunity. If you’ve been waiting for a sign to jump back in, this is it.
Thinking about buying a home while rates are still low? Let’s talk strategy and find out what’s possible for you today.
Contact Carolina Coastal Group to get started—your perfect home on the coast could be closer than you think.