Even a Small Change in Rates Can Lower Your Monthly Payment Chart

Over the past few weeks, mortgage rates hit their lowest point of the year – and it was big news.

So, what you need to know if you’re buying a home is, whenever these shifts happen (whether they’re now or later), even a small change in rates can make a big difference in your monthly payment.

While major drops in mortgage rates aren’t projected for the rest of 2025, smaller declines are still expected – depending on where the economy goes from here.