Mortgage rates recently dropped to their lowest level this year, and it definitely made headlines.

If you’re buying a home, here’s the key thing to remember: when interest rates change—even just a little—it can have a noticeable impact on your monthly mortgage payment, whether those changes happen now or down the line.

Big drops in mortgage rates probably won’t happen for the rest of 2025, but we could still see some smaller decreases depending on how the economy performs.

If you'd like to see how the numbers change with a different home loan amount or mortgage rate, just send me a message. I’ll crunch the numbers for you so you can plan ahead.