Rates Fall to a 12-Month Low

Mortgage Rates Slide to Yearly Lows After Weak Jobs Report

September 5, 2025

This morning’s jobs report showed a clear slowdown in the U.S. economy, with hiring coming in far below expectations. The unemployment rate inched up, highlighting growing concerns about the labor market’s strength.

Financial markets reacted swiftly. Bond yields tumbled, and mortgage rates followed suit — dropping by the largest one-day margin in more than a year. As a result, 30-year fixed rates are now sitting at their lowest point in the past twelve months.

Read more details here at CNBC

Looking Ahead: Rates Could Fall Even Further

Industry watchers are increasingly suggesting that borrowing costs may decline even more as we head toward the end of the year. Some forecasts now call for mortgage rates to be about half a percent lower by December, which would put them back in line with levels not seen since before the recent tightening cycle.

What This Means for Buyers and Sellers

For homebuyers, the shift in rates is significant. Many individuals who have been waiting for the right financial conditions may now feel the timing is right to make a move. Lower monthly payments can open the door to greater affordability and improved purchasing power.

For sellers, this creates an opportunity as well. If buyer activity ramps up, homes are more likely to attract strong interest, especially in desirable neighborhoods where inventory remains limited.

Elation Real Estate’s Outlook

At Elation Real Estate, we anticipate an uptick in market activity over the coming months. Buyers who have been cautious are likely to re-enter the market, leading to stronger demand through the fall and winter. If you’ve been considering a purchase — or are thinking of selling — now is the time to prepare.

📞 Ready to discuss your options?
Our team is here to guide you through the shifting landscape and help you take advantage of these market changes.