Mortgage Rates Drop: What It Means for Buyers and Homeowners

Mortgage rates are back in the low-to-mid 6’s — the lowest levels since October 2024. But does that really change the game for buyers and homeowners? In this episode of Real Talk with Matt, I break down the truth about today’s mortgage market, refinancing, and buying power.

Here’s what you’ll learn:

• Why a Fed rate cut doesn’t directly lower mortgage rates — and what really drives them.

• How millions of homeowners who bought between 2022–2025 are stuck with rates above 7%, and what refinancing into the 6’s could mean for your monthly savings.

• The math behind refinance breakeven points (and why those flashy mailers aren’t telling you the whole story).

• How a 1% drop in rates can add $13k–$20k in purchasing power for buyers, and why sellers financing a new home should pay attention.

• Why working with a dedicated mortgage broker often means lower rates and more options than banks or retail lenders.

Whether you’re thinking about buying your first home, refinancing your current loan, or just trying to make sense of the headlines, this episode gives you the facts — and a clear path forward.

🎙️ Hosted by Matt Socci, Owner of Anchor Home Loans LLC (NMLS 2733068).