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Mortgage Rates | Madison WI Area Top Real Estate Team Blog

Tuesday, April 29, 2025   /   by Ryan Huemmer

Will mortgage rates go down in 2025?

As a homebuyer in Wisconsin, I’ve been keeping a close eye on mortgage rates, trying to determine whether now is the right time to purchase a home. With rates fluctuating over the past few years and affordability still a challenge, the big question remains: Will mortgage rates go down in 2025?

Looking at recent trends, there’s reason to be cautiously optimistic. Some financial experts predict that mortgage rates could decrease as Treasury yields decline, and home prices might see a slight drop with an increase in available housing. However, this doesn’t necessarily mean that we’ll return to the low rates and affordable home prices of the pre-pandemic years.
How Did We Get Here?
It wasn’t long ago that mortgage rates were at historic lows. After the pandemic hit in 2020, the Federal Reserve cut rates drastically, which led to an unprecedented boom in homebuying. By early 2021, the average 30-year mortgage rate hit a record low of 2.65%. But as inflatio ...

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Thursday, September 21, 2023   /   by Ryan Huemmer

Top 7 Things to Consider When Shopping for a Mortgage to Purchase a Home

Top 7 Things to Consider When Shopping for a Mortgage to Purchase a Home
Buying a home is one of the most significant financial decisions you'll ever make. To ensure you get the best deal on your mortgage, it's crucial to carefully consider various factors before committing to one. Here are the top seven things to keep in mind when shopping for a mortgage to purchase your dream home:

Credit Score Matters: Your credit score plays a pivotal role in the interest rate you'll be offered. A higher credit score can qualify you for lower interest rates and fees, potentially saving you thousands of dollars over the life of your loan. Before shopping for a home, it's crucial you visit with a mortgage lender to understand the terms of a mortgage and payment options.

Fixed vs. Adjustable-Rate Mortgage: Decide between a fixed-rate and an adjustable-rate mortgage (ARM). Fixed-rate mortgages offer stability with consistent monthly payments, while ARMs typically start with lower rates but can am ...

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Friday, March 4, 2022   /   by Ryan Huemmer

Mortgage Rate Update by The Huemmer Home Team

Mortgage Rate Update
$300,000 loan at 3.00% 30 yr equals $1,265 P&I$300,000 loan at 4.00% 30 yr equals $1,432 P&I
Difference of $167 a month more
The FED has announced to expect more increases. Get locked in today!
The Huemmer Home Team
RR/MAX Preferred
Chuck Hoffmann
608-206-2632 ...

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