Some News About Our Market’s Interest Rates

 

Interest rates are moving in a downward direction and are showing no signs of changing for at least a year—but why? I’m joined by Tom Ross from Bay Equity to answer that.

Buying a Phoenix Home? Search all Homes for Sale
Selling a Phoenix Home? Check out our FREE Home Value Report

Today I’m alongside Tom Ross with Bay Equity Home Loans and, together, we’re here to discuss our current interest rate environment. 

By the end of this May, we saw a notable development with regard to interest rates: The combination of tariffs and various other economic conditions are driving rates down, and this downward trend doesn’t look like it’s going to slow or move in the other direction anytime soon.

“

The combination of tariffs and various other economic conditions are driving rates down.

”

Although market indicators tell us that rates will continue their current trajectory for the next year or so, it’s worth pointing out that, last year, we were confident that rates would continue to rise well into the high-5’s. It wasn't until