A Market Update from Our Lending Partner: Tom Evans at Acadia Lending

We’re sharing a timely update from one of our trusted lending partners, Tom Evans with Acadia Lending, who’s been keeping a close eye on recent shifts in mortgage rates. If you’ve been thinking about buying, refinancing, or just waiting for the right moment to make a move, this is information you’ll want to see.

Mortgage Rates Are Finally Dropping — Here’s Why It Matters

After nearly two years of hovering around 7%, mortgage rates have finally dipped back into the low 6% range — and that shift is making a big difference for buyers. For many, this is the window they’ve been waiting for.

Let’s look at what that means in real numbers:

• At 6.13%, a $450,000 loan = $2,735/month (principal & interest)

• At 7.5%, that same loan = $3,146/month

• That’s a $411/month savings — or nearly $5,000 a year

And it gets better: many buyers are using seller-paid rate buydowns to push their rates even lower — into the mid to high 5% range — through smart negotiation and strategic credits.

If you’ve been sitting on the sidelines waiting for rates to come down, this could be your moment. Once rates drop further, competition will heat up, prices will rise again, and the ability to negotiate will fade fast.

If you want to reach out to Tom to discuss further or get a quote, you can reach him at [email protected]