After years of volatility, mortgage rates have finally taken a breather. Across major housing publications — from HousingWire to MarketWatch — the consensus is clear:
Rates are trending near their lowest levels in a year, hovering around the 6% mark for 30-year fixed loans.
For potential homebuyers and refinancers, this may be the window of opportunity they’ve been waiting for.
Why Mortgage Rates Are Falling
According to HousingWire, the recent decline is largely due to narrower mortgage spreads — the difference between what lenders charge borrowers and the yield on 10-year U.S. Treasury notes.
Historically, when these spreads shrink, lenders can offer more competitive rates without compromising profit margins. That’s exactly what’s happening now. Combined with lower Treasury yields and expectations of future Federal Reserve rate cuts, mortgage rates have drifted down to levels not seen since late 2024.
Meanwhile, U.S. News & World Report notes that while these lows are promising, they may not last. The market is still sensitive to inflation data, employment trends, and policy uncertainty.
Translation? If you’re considering buying or refinancing, waiting could cost you.
The New Refinance Rush
As MarketWatch highlights, homeowners are already taking advantage of the rate dip. Refinance applications have spiked sharply, with many looking to reduce their monthly payments or consolidate high-interest debt.
However, refinancing isn’t for everyone.
Before you rush to apply, consider:
- Your existing rate — Is the new one at least 0.5–1% lower?
- Your timeline — Will you stay in your home long enough to recoup closing costs?
- Your credit profile — Could a non-traditional lender give you better terms?
If your situation is unique — say, you’re self-employed, have non-traditional income, or recently faced a credit hiccup — a non-QM (non-qualified mortgage) lender might be your best route.
Enter Mbanc: Smarter Solutions for Real-World Borrowers
When traditional banks say “no,” Mbanc can often say “yes.”
As a trusted non-QM mortgage lender, Mbanc specializes in loans that don’t fit conventional guidelines — perfect for entrepreneurs, investors, and borrowers with complex financial profiles.
Whether you’re buying a new home or refinancing, Mbanc offers:
- Flexible underwriting for self-employed borrowers
- Bank statement loans (no tax returns required)
- Investment property financing
- Interest-only and jumbo options
With today’s rates sitting near 6%, timing is everything. Don’t wait for the market to shift again.
Call an Mbanc loan officer today or apply online to explore your options and lock in a competitive rate while conditions are favorable.
The Bottom Line
Mortgage rates in 2025 have fallen to their lowest point in over a year, offering a valuable opportunity for both buyers and homeowners. But experts agree — this may be temporary.
Whether you’re purchasing your first home, refinancing to lower your payments, or exploring non-traditional financing, now is the time to act.
Your next smart financial move could start with one call — to Mbanc.
Sources:
https://money.usnews.com/loans/mortgages/articles/mortgage-rates-fall-to-yearly-lows-can-it-last