Mortgage rates have dipped to their lowest levels in months, giving buyers new opportunities after a year of higher costs. With 30-year fixed rates now in the low 6% range, here’s what’s behind the drop and what experts expect through 2025 and beyond.
Buying a home is a big financial move, and even a small drop in your interest rate can mean major savings. The good news is, you have options. From rate buydowns to improving your credit, here are simple ways to lower your interest rate and make your next home more affordable.
Every time you hear “The Fed just cut rates,” it’s natural to think, “Awesome—mortgage rates are gonna drop, right?” But—even though they’re related-ish—it doesn’t always work that way. Here’s the low-down on why, plus what might happen this month if the Fed does cut rates. The Fed’s Rate vs. Mortgage Rates The Federal Reserve sets the federal funds rate, which is the...
Unlock Your Path to Homeownership with OHFA's Down Payment Assistance If you're looking to purchase a home in Ohio but need a little help getting there, the Ohio Housing Finance Agency (OHFA) has your back. Their Down Payment Assistance (DPA) program makes it easier for low- and moderate-income homebuyers to access affordable, 30-year, fixed-rate mortgage options—including conventional, FHA, VA, and...
COLUMBUS, Ohio (August 21, 2025) — Housing inventory hit its highest level in a decade, and sales grew by 2.6% year over year in the latest central Ohio housing report, provided by Columbus REALTORS® and the Columbus & Central Ohio Regional MLS. There were 2,899 closed sales in July, and the median sales price rose 4.6% to $342,000. While closed sales were up 2.6% year over year, July’s...
What no one tells you until it’s too late. Buying your first home is one of the biggest—and most emotional—purchases you'll ever make. It's exciting, terrifying, and full of questions you didn't even know you needed to ask. I learned a lot the hard way, and if you're just starting your homebuying journey, here's what I wish someone had told me. 1. The Mortgage Is Just the...
Ever get the feeling your home could run a little smoother—with less effort? You’re not alone. From dishwashers that don’t quite clean right to musty-smelling laundry, most of us face small but annoying household problems every day. The good news? A few simple tweaks—like running hot water before starting the dishwasher or leaving your washer door open—can make a huge difference. These easy home...