Are mortgage rates going down? 🤔 You may have seen headlines saying rates are dropping — but what’s really happening?

In this week’s Rate Watch update, we break down:
The truth about current mortgage rate trends
Why headlines can be misleading
Where rates are sitting right now (mid-6% range)
Why waiting until summer could cost you more
How to determine what you can actually afford

If you’re thinking about buying a home, refinancing, or just watching the market, this update will help you make a smarter, more informed decision.

Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding

What You'll Learn

* 📉 Are mortgage rates going down?** Not really — rates have been mostly stable for the past 3–4 weeks with only minor day-to-day fluctuations.
* 📊 Headlines can be misleading.** Small seasonal changes may be reported as “rates dropping,” but there hasn’t been a major shift.
* đź’° Current rates are still strong.** Mortgage rates are generally in the mid-to-high 6% range (sometimes high 5s depending on the scenario).
* 🏡 Now may be a smart time to buy.** Waiting until summer could mean more competition and higher home prices.
* đź“ž Know what you can afford first.** Getting pre-qualified and understanding your budget is the key first step in the homebuying process.

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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367

Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance

Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking

Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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