May 8, 2025

This week, mortgage rates held steady, with the 30-year fixed rate at 6.76% and the 15-year fixed rate at 5.89%. Compared to this time last year, today’s rates are 30 basis points lower, and we’re seeing continued momentum in purchase applications.

Rate stability offers buyers a rare chance to plan with confidence. With affordability still a concern for many, the smartest move remains leveraging temporary buydowns to ease into homeownership.

How Temporary Buydowns Work

Temporary buydowns reduce your interest rate—and your payment—in the early years of your mortgage:

  • 2-1 Buydown: 2% off in Year 1, 1% off in Year 2, then normal rate.
  • 3-2-1 Buydown: 3% off in Year 1, 2% in Year 2, 1% in Year 3, then normal rate.

These buydowns can often be paid by sellers as incentives—meaning you save money up front without a long-term cost.

What Should You Do? 🤔

📞 Call me for an honest opinion on what makes the most sense for you. Whether it’s the right time to buy, sell, or wait, I’ll give you straightforward advice based on your situation—not my commission.

👉 Schedule an Online Consultation:
https://calendly.com/azhomesloan/30min

🏠 Curious About Your Home’s Value?
Download an Instant Estimate at ArizonaHouseValues.net

🔎 Search Phoenix Listings:
https://link.flexmls.com/155wxuiu649z,12

💸 Need a Loan?
👉 https://livinginphoenix.my.canva.site/arizona-loan-officer

The right move in real estate is the one that aligns with your goals—let’s figure it out together.

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