05/06/2025
Brown Around Town presents Mortgage Monday with Melissa Condensa of Guild Mortgage and we’re talking seller concessions! 🏡💸
Did you know that in Q1 of 2025, 44% of homes included seller concessions? That’s a 5% increase from last year and one of the highest rates we’ve seen in a while.
Here’s why it matters: Seller concessions can make a huge difference in affordability — especially when they’re used strategically to buy down your interest rate. 🙌
Let’s break it down: Instead of negotiating for a lower sales price, buyers can sometimes ask the seller to cover closing costs or contribute toward a rate buydown. That means instead of paying full price with a higher interest rate, you’re paying a slightly higher purchase price — but with a significantly lower monthly mortgage payment.
In fact, that monthly savings can often be greater than what you’d save from just dropping the price. 💡 That’s a game-changer for long-term affordability, especially in today’s rate environment.
It’s a strategy we’ve seen work really well here in North Texas — and it’s something Melissa can help walk you through, step-by-step. We love this option for both buyers trying to stay within budget and sellers who want to make their listings stand out.🔥
This week is packed with economic updates that could affect rates: jobs reports, GDP, inflation data, and even tariff news. Fingers crossed it all points toward lower rates! 🤞
📌 Current average mortgage rates:
6.90% — Conventional 30 year
6.22% — Conventional 15 year
6.29% — FHA
2.30% — VA
Got questions or want to see how this could work for you or a listing you’re working on? Reach out to us () or Melissa () — we’d love to break it down for you!
|| mortgage rates 2025, seller concessions, buy down interest rate, monthly payment strategy, FHA mortgage, VA loan, 30-year fixed, homebuyer savings, real estate tips, North Texas real estate market
