Will rates finally drop?

Here's what summer told us, and what fall might bring!

As we step into the latter half of 2025, buyers and sellers alike are wondering: Will mortgage rates finally dip, or are we in for more unpredictability? According to industry experts and a recent analysis from Bigger Pockets, the answer isn’t as straightforward as many had hoped.

A Market in Transition

The Federal Reserve has signaled potential rate cuts, but the timing and impact remain uncertain. While inflation is gradually cooling, the Fed continues to tread cautiously. As of July, rates have hovered in the mid-6% range for 30-year fixed mortgages. Economists expect a gradual easing through Q4, possibly landing us near 6% by the end of the year.

What This Means for Buyers in Oregon

• Locking in now still makes sense if you find the right home and price.

• Waiting for a drop could cost you if home prices rise alongside demand.

• Adjustable-rate mortgages (ARMs) may offer flexibility, but come with risk.

Sellers: Price Strategically

• A slight dip in rates may boost buyer activity, especially in entry-level markets.

• Be realistic: buyers are still budget-conscious.

• Prep your home well to stand out in a competitive but cautious market

While we may see modest relief, uncertainty still dominates the landscape. That’s why it’s critical to work with a trusted team like Summers Homes NW. We guide you with data-driven strategies to make confident, future-focused decisions.