Rates Falling, Family Joy, and a Call for Unity in Uncertain Times

This week brings both personal joy and important updates for the housing and mortgage markets across Southern California and Washington.

On a personal note, I’m thrilled to share that I’ve been promoted to the best title yet: Grandpa! Our daughter Lexi and her husband Bailey recently welcomed baby Parker Madison, and the joy of becoming a grandparent is truly beyond words.

Switching gears, let’s talk mortgage rates. Despite headlines exaggerating “the best day in years,” what really matters is that we’re seeing a meaningful, steady decline. Rates that hovered around 7%–7.5% over the past couple of years are now notably lower, creating fresh opportunities for both refinancing and home purchases. Buyers who have been waiting on the sidelines may find the market more favorable today than it’s been in quite some time.

But here’s the key takeaway: don’t wait too long hoping for even lower rates. History shows us how quickly trends can reverse. A smart strategy is to set a “strike price”, which would be a target rate at which refinancing or buying makes financial sense, and then act decisively when the opportunity arrives.

Lastly, I want to acknowledge the tragic news of a political assassination here in the U.S. Regardless of political leanings, it’s a sobering reminder of the importance of unity. Just as the nation came together after 9/11, we must stand against violence and strive for respectful dialogue, even when we disagree.

👉 If you’re in Southern California or Washington state and wondering if today’s market shift presents an opportunity for you, let’s talk. I can help you assess whether refinancing or buying now makes sense for your goals.