Are today’s mortgage rates finally falling — and should you act now?
Mortgage rates have dropped to their lowest average in more than three years, creating a window of opportunity for buyers and sellers in Brevard County. Here’s what that means for your next move in real estate.
📉 What’s Happening With Mortgage Rates Right Now?
According to Homes.com, the average 30‑year fixed mortgage rate has dipped to around 6.06%, its lowest point since 2020. The 15‑year fixed rate is also down to 5.38%, offering new affordability options for buyers and refinancers alike.
This drop follows recent updates from mortgage analysts, including Mortgage News Daily, which reported consistent rate declines as financial markets shift expectations around future Federal Reserve policy.
🏡 Why Rates Are Falling (And Why It Matters)
Several factors are driving this trend:
- Federal Reserve policy shifts — Investors anticipate future rate cuts, which ripple into mortgage markets.
- Agency bond support — Large-scale mortgage-backed securities purchases from entities like Freddie Mac help stabilize long-term lending.
- 10-Year Treasury yield movements — Mortgage rates closely follow changes in these yields, which have recently declined.
For buyers, this means increased purchasing power. For sellers, more qualified buyers in the market could lead to quicker and stronger offers.
🔍 What This Means for Homebuyers in Brevard County
📍 If you’re buying in Brevard County, now is your moment. Here’s why:
- Your budget stretches further with lower monthly payments.
- Pre-approval now could lock in today’s rates before the spring surge.
- First-time buyers benefit most, as affordability improves without needing to compromise.
🛠️ Use this time to explore available listings on 321CoastalLiving.com and see how far your money can go.
🔁 What Lower Rates Mean for Sellers
Sellers in our area also gain an advantage:
- Rising buyer demand leads to quicker showings and stronger offers.
- More financing-ready buyers can increase your chances of a clean deal.
- Refinancing options could help you unlock equity or fund your next move.
Want to talk numbers and local buyer trends? Meet your trusted Brevard County REALTOR® to build a selling strategy.
📊 Local Market Insight: What We’re Seeing in Brevard
In the past few months, our Brevard market has shown:
- Rising interest from relocation buyers and out-of-state shoppers
- A shift toward price stabilization
- Increased buyer engagement as rates fall
If you’ve been waiting for the right moment to act — this may be it.
💡 Should You Buy or Refinance Now?
Buyers:
If you’re even thinking about purchasing in 2026, get pre-approved now and start comparing neighborhoods, schools, and communities. You can browse active listings on 321CoastalLiving.com and narrow your focus.
Homeowners:
Still paying a mortgage with a 7%+ rate? Talk to your lender about whether refinancing makes sense — especially while today’s low rates are still available.
🚀 Your Next Step
Whether you’re ready to buy, sell, or just explore your options, today’s low mortgage rates create a smart window of opportunity. I’d love to help you navigate the process with a clear, customized plan.
👉 Schedule a free 30-minute consultation — and let’s make a move that works for you in 2026.
Written by: Carrie Liotta, Trusted Brevard County REALTOR®
Explore the coast. Own your lifestyle. Start your journey at 321CoastalLiving.com