Real Estate Randy AZ - EXP Realty Tucson

🏠 INTEREST RATE UPDATE (as of November 11, 2025)

📉 The 30-year fixed is sitting at ~6.22%, marking its lowest level since early 2024.

So What’s Coming Next?
Industry experts expect rates to hover in the low-6% range through the end of the year, with possible small dips if inflation data continues to cool.

Fed Watch: The Fed has hinted at a modest rate cut in early 2026 if inflation remains near target.

Inflation: Recent reports show slower price growth — a positive sign for long-term rates.

Mortgage Demand: Buyer activity is picking up as affordability slightly improves.

What This Means for Tucson Buyers & Sellers

Buyers have regained some purchasing power compared to mid-2024.

Sellers should note that homes priced right are moving faster, with fewer price reductions.

Rates near 6.2–6.5% may be the “new normal” — still historically reasonable.

What I’m Telling Buyers Right Now:

“This is a smart time to act before spring competition heats up. Rates are favorable, and inventory in Tucson, Oro Valley, and Marana gives buyers more choice. Lock in your rate now — and refinance later if they dip again.”

— Randy “Real Estate Randy” Costilow | eXp Realty

✨ Market Update: Interest Rates Drop Below 6.5%! ✨

📅 As of September 3rd, here’s what’s happening in real estate and the economy:

🔑 Key Highlights

📉 30-Year Fixed Mortgage Rates: National average down to 6.49% (great news for buyers!)

💼 Job Market Update: Job openings hit a 10-month low (7.18 million)

For the first time since April 2021, unemployed individuals > job openings

Signs of a weaker labor market than expected
🏡 Housing Inventory: Total U.S. inventory = 860,000 homes

Year-over-year inventory growth slowing: from 33% (July 2024) ➡️ 22% (July 2025)
🏦 Fed Watch: 85% probability of a rate cut at the September 17th Fed meeting

✅ Positives for Buyers
Lower rates = better affordability compared to recent months

Slowing inventory growth could mean less competition in some markets

Possible Fed rate cut = even lower borrowing costs ahead

⚠️ Things to Watch Out For

Weakening labor market may bring economic uncertainty

Slower inventory growth means fewer options for buyers

Rates are lower, but still above pre-2022 levels

💡 Takeaway: Now may be a smart time to lock in before rates move again — but keep an eye on inventory and economic signals.