If you've been waiting for the right moment to make your move in the Manatee or Sarasota County real estate market, this news might be exactly what you've been hoping for.
As we closed out 2025 and enter into 2026, mortgage rates dropped to their lowest point in months. According to Freddie Mac's final mortgage report of 2025, the average 30 year fixed rate mortgage fell to 6.15%, down from 6.18% the previous week. This represents a significant improvement from where we started the year, when rates were hovering near 7%.
What This Means for You
Whether you're a first-time homebuyer searching for your dream home in Bradenton or Parrish, a growing family looking to upgrade in Lakewood Ranch, or someone considering downsizing to a maintenance free condo in Sarasota or perhaps on Siesta Key, lower mortgage rates translate directly to more buying power and lower monthly payments.
"This marks the lowest readout of 2025, a year in which rates averaged 6.6%," noted Joel Berner, senior economist at Realtor.com. He added that the market is responding positively to a period of stability, with little indication of major interest rate changes coming in January.
Looking Ahead to 2026
What makes this news even more exciting is the timing. We're heading into the peak buying season of 2026, and economists are optimistic about what this could mean for our local market. Mortgage rates have been retreating meaningfully during the second half of the year, setting the stage for a potential rebound in housing activity.
The challenge throughout 2025 has been affordability. With rates staying in the mid 6% range for most of the year, many potential buyers understandably chose to wait on the sidelines. But now, with rates moving downward and pending home sales already responding to this relief, we're seeing momentum build even during what's traditionally the slowest part of the year.
The Numbers at a Glance
Here's how current rates compare:
- 30-year fixed-rate mortgage: 6.15% (compared to 6.91% one year ago)
- 15-year fixed-rate mortgage: 5.44% (compared to 6.13% one year ago)
That's roughly a three-quarter point improvement year over year, which can make a substantial difference in your monthly payment and overall affordability.
What This Means for the Southwest Florida Market
Southwest Florida continues to be one of the most desirable places to live in the country, with our beautiful beaches, vibrant communities, endless sunshine and things to do. Lower mortgage rates make our already attractive market even more accessible to buyers who have been dreaming of making this area their home.
If you've been considering buying or selling in Manatee or Sarasota County, now might be an ideal time to have a conversation about your goals. I'm here to help you navigate the market with confidence and find a solution that fits your unique situation.
Important Note About Mortgage Rates
Keep in mind that the rates mentioned above are national averages. Your actual mortgage rate may vary based on several factors, including:
- Your credit score and credit history
- The size of your down payment
- The type of loan you choose (conventional, FHA, VA, etc.)
- Your debt-to-income ratio
- The specific lender you work with
- Current market conditions at the time of your application
- The property type and location
That's why it's important to get pre-approved and shop around with multiple lenders to find the best rate for your unique financial situation. I'm happy to connect you with a few trusted local lenders my past Buyers have used, who can provide personalized rate quotes based on your specific circumstances.
Ready to Take the Next Step?
The combination of improved rates and the upcoming spring market could create excellent opportunities for both buyers and sellers. I'd be honored to discuss your real estate goals and help you understand how these market conditions might work in your favor.
Whether you're ready to start your home search or just want to explore your options, I'm here to guide you through every step of the process with integrity, innovation, and the personalized attention you deserve.
Have questions about what these rate changes mean for your specific situation? Let's talk. Contact me today to schedule a no obligation consultation about your real estate goals in Southwest Florida 941-920-2018 or at fentonsellsflorida@gmail.com
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