Mortgage rates are finally moving the right way, and buyers are beginning to come back into the market.

Buyer interest really jumped when mortgage rates dropped to their lowest point in 2025. The Mortgage Bankers Association (MBA) shows that home loan applications increased by 23% compared to the first week of September last year.

If you’ve been holding off on selling or your listing recently expired because the market didn’t move as fast as you expected, now’s a great time to rethink your plan. Buyer demand is at its highest level since July, so you don’t want to miss this opportunity.

When Rates Drop, Buyers React

Here’s the scoop: the 30-year mortgage rate recently dipped to 6.13%, hitting its lowest point since October 2024. This drop came after some weak job growth and other economic signs suggest the Federal Reserve might lower the Federal Funds Rate several times this year. Because financial markets are expecting these Fed moves, mortgage rates began to fall, which could make it easier for more buyers to jump into the market.

Today’s homebuyers are paying close attention to every detail to keep their purchases affordable, so even small changes in mortgage rates can make a big difference to them. Simply put, when affordability goes up, buyer interest tends to rise as well (see graph below).

And that’s a shift you’ll definitely notice—in a positive way. Since around this time last year, buyer demand has been pretty steady but limited. Now, with interest rates dropping, we’re starting to see buyer interest pick up again.

What This Means for You

If you’re thinking about moving, now’s the time to pay attention to what’s going on in the market and how you can make the most of these important moments. Maybe you had a listing that expired without any offers earlier this year, or you chose to wait because you thought buyers weren’t active. This is your sign—they’re coming back. It’s not like the big market surge we saw a few years ago, but this could be the perfect opportunity for you.

Here’s the chance: you can list your home now, just as buyer interest is picking up—and before more sellers in your area jump in. Many homeowners might not notice this change for some time, so by acting now, you’ll get a step ahead of the competition.

On the other hand, if you decide to wait, it's true that you might see more buyers if interest rates keep dropping. But keep in mind, there will also be more sellers entering the market. So, is it really worth taking that chance?

A trusted local agent can help you figure out your home’s value, adjust your pricing strategy, and ensure it catches the eye of serious buyers who are ready to make a move today.

Bottom Line

Buyers are keeping an eye on interest rates, considering their choices, and beginning to step off the sidelines. If you’re thinking about selling, now could be a great opportunity to get ahead.

Looking to have your home noticed by the perfect buyers exactly when it matters most?

Let’s get together and go through each step so you can really take advantage of this opportunity.