Mortgage Rates Fell Ahead of Fed Meeting.

Rates Just Dropped But Will It Move the Needle?

The average 30 year mortgage rate slipped below 7% this week for the first time in a while, just ahead of the Federal Reserve’s next big meeting.

That’s made headlines and sparked hope that some relief is finally coming for buyers.

But in places like Pembroke Pines, where prices are still high and inventory remains tight, the real question isn’t “Are rates falling?”

It’s “Will it matter?”

Read the article here:
👉 Read the USA Today article here

What the Article Says

• Mortgage rates dipped slightly this week, but they’re still hovering just under 7%.

• The Fed is not expected to cut rates at their next meeting but may signal a shift is coming later this year.

• Buyer activity remains sluggish across much of the country, especially for first time and FHA buyers.

• Sellers are having to adjust expectations, offer concessions, or update their homes to stay competitive.

• The article points out: rate drops alone won’t revive the market; affordability, inventory, and consumer confidence are all part of the equation.

Bottom Line:

Here in Pembroke Pines, we’re seeing exactly what the article describes: rates move a little, but buyer behavior barely budges.

The drop back below 7% is nice but not enough to flip the switch.

• Buyers are still rate-sensitive. That $100–$150/month difference helps, but it doesn’t change the bigger picture: affordability is tight, and every offer is a math problem.

• Sellers shouldn’t expect a surge in demand just because rates dipped. You still need a smart price, a clean presentation, and a willingness to work with buyers on costs.

• Investors and upgraders may see opportunity if rates slide further but timing will be key.

Bottom line: A slightly lower rate isn’t a market reset.

It’s a nudge.

The Fed may still cut later this year but don’t build your whole strategy around a maybe.

Want the full story?
👉 Read the full USA Today article here