Mortgage rates are down a full percentage point compared to this time last year.

At first glance, that might not sound like a big shift. But when you look at the numbers, the impact is significant — especially for buyers who felt priced out in 2025.

What a 1% Drop Really Looks Like

Let’s break it down using a typical $400,000 home loan:

• January 2025 (7.26%)
  Monthly principal & interest: $2,731

• January 2026 (6.20%)
  Monthly principal & interest: $2,449

That’s a savings of over $280 every month.

Over the life of a 30-year loan, that difference adds up to more than $100,000 saved — just from buying one year later at a lower rate.

One Year Can Change Everything

For many buyers, last year simply didn’t work. Higher rates meant higher monthly payments, tighter budgets, and tough decisions.

But this is exactly why it’s worth revisiting your numbers.

A lower rate can:

• Improve affordability

• Increase purchasing power

• Lower long-term interest costs

• Make homeownership feel realistic again

Could 2026 Be Your Year?

If buying a home didn’t make sense for you last year, that doesn’t mean it never will. The market changes — and right now, it’s moving in a more buyer-friendly direction.

Let’s re-run the numbers together and see what today’s rates could mean for you. You may be surprised how much difference just one year can make.

If you’re ready to explore your options, we’re here to help.