Published June 18, 2025
What You Need to Know About Interest Rates in Today’s Lexington Housing Market!
What You Need to Know About Interest Rates in Today’s Lexington Housing Market!
How Rates Impact Your Buying Power—and Why It’s Still a Great Time to Make a Move
1. Interest Rates Are Not One-Size-Fits-All:
When you hear “interest rates are rising” on the news, it’s usually referring to the national average. But your personal interest rate depends on your credit score, loan type, down payment amount, and even the lender you choose.
In Lexington, many local lenders are still offering competitive rates, especially for buyers with strong financial profiles. It pays to shop around and get pre-approved early.
2. Rising Rates Can Mean Less Competition:
Higher interest rates can scare some buyers away. But if you’re still ready to purchase, this could be your opportunity. In many Lexington neighborhoods, we’re seeing slightly more room for negotiation, fewer bidding wars, and sellers who are open to concessions like rate buy-downs or closing costs.
3. Refinancing Is Always an Option:
If you buy a home now and rates go down later, you can always refinance. Buying when inventory is higher and competition is lower might mean you can get a better home—then take advantage of better rates in the future.
4. Final Thoughts:
Interest rates definitely play a role in what you can afford, but they shouldn't be the only thing guiding your decision. If you're thinking about buying, selling, or investing in Lexington, it's worth having a conversation with a local expert who can break down your options based on current market conditions.
Need help navigating your next step? We're always here to answer questions, connect you with a trusted lender, and help you make confident real estate decisions.
