Buyer’s Advantage!
Mortgage rates have eased compared with recent years, especially after the COVID Pandemic, settling in the low 6% range. While it is expected the FOMC will not make a rate cut at the FOMC meeting this week, the overall trend to lower rates is likely to continue in 2026. Inventory of homes for sale continues to rise year-over-year, expanding choices for buyers. Existing home sales showed a meaningful uptick in late 2025 thanks to mortgage rates moving lower. Even though home sales had an uptick in late 2025, the growing imbalance where sellers outnumber the buyers by a substantial margin keeps the market leaning in buyers favor. If you are looking for your new home, 2026 is the year to make that dream a reality.