As we enter 2025, expect a year marked by volatility and uncertainty, especially at the beginning. This is likely due to the transition to a new administration, specifically a new Secretary of Treasury. Shifts in fiscal policy, regulatory priorities, and geopolitical strategies are also likely to create both opportunities and challenges across various sectors. Markets tend to react strongly during periods of political change, and this year should be no exception.
While uncertainty can feel unsettling, it also creates openings for those who are well-prepared and agile. Staying informed, remaining adaptable, and focusing on long-term goals will be key strategies for navigating the year ahead.
Overall, the Freddie Mac mortgage forecast provides more detailed data and mortgage rate outlooks. According to Freddie Mac's 2025 mortgage rate outlook, rates are expected to be slightly lower, creating potential opportunities for buyers and refinancers.
Top Tips for Homebuyers in 2025
If you are buying a home in 2025, following are some things to think about:
- Consider longer lock durations: If you are fearful rates will rise, but expecting to buy in the coming months, check with your lender for longer rate-lock durations. The typical lock duration is 30-45 days, but rate locks as long as 180 days (and maybe longer) are possible.
- Renegotiate: If you have locked in a rate and rates drop, chat with your lender to renegotiate your rate. This may incur a fee and there are timeline limitations, but it may be better in the long run, especially if you do not plan to refinance or sell your home in the near future.
- Be flexible: Rates are always changing. A common saying is “date the rate,” as there are usually refinance opportunities in the future. Do not pass up a chance if you find a home that checks all the boxes. Ensure your lender is transparent, prepared and presents options that are best for you—such as the ones above, and others such as temporary rate buydowns.
Have a wonderful 2025!
Contact Spencer Wartman today to discuss how these trends could impact your mortgage journey in 2025. Spencer Wartman (NMLS 2109932) is a Loan Originator at Trident Home Loans (Equal Housing Lender, NMLS 65716), a veteran-owned and operated mortgage lender. He is proudly a 2024 NAMB Top Veteran Loan Originator, showcasing his dedication and loyalty to the clients and realtors he works for. His steadfast initiative in the lending environment allows him to seamlessly navigate through the toughest difficulties for his clients. Also an airline pilot, he has provided over 18 years of service in the United States Air Force and Missouri Air National Guard.
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