The Weekly Key

Hey everyone — Tanya here. If you’re thinking about leveling up in Denton County (bigger yard, more space, better schools), I’ve got some juicy updates this week, 9/16/2025. 📈

What’s Going On

1. Rates are easing a bit
   The 30-year fixed mortgage rate dropped to about 6.35% this week, down from ~6.50% last week. That’s the lowest it’s been in nearly a year. GlobeNewswire+3Bloomberg.com+3The World Property Journal+3
   The 15-year fixed rate is roughly 5.50%. The World Property Journal+2Bloomberg.com+2
   
   

2. Buyer activity is waking up
   Purchase applications are increasing, likely because the pulling-back of rates is offering some breathing room. The Mortgage Reports+2The World Property Journal+2
   Even refinancing is getting more interest now that rates are softer. The World Property Journal+2Mortgage News Daily+2
   
   

3. Inventory & Pricing
     Avg. Price in DFW: $387,599 

               Average days on Market: 89 

Active Listings: 33,404, 

Closed Sales: 8,246 

4. A window of opportunity if you’re ready
   With rates coming off their highs and buyers still cautious, there’s less competition than during the spring. If we lock your financing now (or close to it), you might get good leverage on closing costs, repairs, or even a seller-funded rate buydown.
   
   

What’s in the News This Week 

• Mortgage rates dropped to their lowest since October. Great for buyers who’ve been on the fence.
  More → [AP: Average rate … lowest in nearly a year] AP News
  
  

• Bank of America suggests rates could fall toward 5% in 2026 if the Fed resumes purchasing mortgage-backed securities. Big if it happens.
  More → [MarketWatch on BoA strategy] MarketWatch
  
  

• PIMCO is pushing for the Fed to pause reducing its holdings of mortgage bonds to help cool big rate spreads. Could impact rates in the near-term.
  More → [Reuters summary] Reuters

My Advice for Buyers

If I were in your shoes:

• I’d lock in a rate quote now (or at least get pre-approval) so you have a baseline, then watch if there’s a dip. Even small savings matter when you’re going up in price.

• I’d lean toward homes that are priced realistically for where things are right now, not what the spring comps were. Sellers still expect top dollar, but buyer strength is softer.
  
  

• Explore new build options—I’m seeing more incentives lately (closing help, upgrades). Sometimes they beat resale when factoring all the costs.