Rates feel like the villain. The numbers tell a calmer story. In Tampa Bay, small rate moves rarely change monthly cost as much as people expect, while supply and pricing by neighborhood drive most outcomes. If the home fits your budget and needs, you can act now and refinance later if rates improve. For a step by step plan, read What Buyers Need Most Now and How To Move Forward.
A move from about 6.2 percent to 5.99 percent trims only a modest amount on a typical loan. That savings can be offset if more buyers re enter and prices push higher. Focus on total monthly cost and the fit of the home, not a single rate target.
Freddie Mac — Primary Mortgage Market Survey
Use the newest pendings and best competing actives in your micro area to price and negotiate. Ask for targeted credits that lower payment or cash to close when they improve total cost without weakening your position. Watch our quick guide: Are Open Houses Still Working in 2025?
