When Rates Drop: Why Today’s Shift Could Be Your Open Door

Written by Gillian Gooch • September 11, 2025

Lately, we’ve seen a welcome change — interest rates have dipped from where they were just a few months ago. For many hopeful buyers, this feels like a long-awaited sigh of relief. But here’s something I remind my clients: when rates fall, demand rises — and so do home prices.

That means waiting for the “perfect” rate can sometimes cost you more in the long run. You can always refinance if rates go lower, but you can’t go back and change the price you paid for a home.

Here’s a simple example:

• At 6.5%: A $300,000 loan = about $1,896/month (principal & interest)

• At 6.0%: That same loan = about $1,799/month

That’s nearly $100 in monthly savings — money that could go toward family needs, savings, or simply giving you more peace of mind each month.

Buying a home isn’t just about numbers — it’s about building a foundation for your family and your future. And sometimes, God opens the door a little wider to make the path clear.

If you’ve been waiting and watching, this could be your moment to step forward in faith.

In faith and service,
Gillian Gooch, Realtor®
Gillian Gooch Properties.