Raleigh Housing Market Update: Mortgage Rates Hit 11-Month Low, Giving Buyers More Power
Raleigh Housing Market Update: Mortgage Rates Hit 11-Month Low, Giving Buyers More Power
By Miguel Fragoso, REALTOR® – eXp Realty, Apex NC
If you’ve been waiting for the right moment to buy a home in the Raleigh housing market, the wait might be over. Mortgage rates just dropped to their lowest point in nearly a year, giving homebuyers across the Triangle a rare opportunity to stretch their budgets further.
According to Freddie Mac’s Primary Mortgage Market Survey, the average 30-year fixed mortgage rate fell to 6.35% on September 11, 2025. That’s a 15-basis-point drop in one week the steepest decline in the past year.
Sam Khater, chief economist at Freddie Mac, shared why this matters:
“Mortgage rates are headed in the right direction, and homebuyers have noticed, as purchase applications reached the highest year-over-year growth rate in more than four years.”
What This Means for Raleigh & the Triangle Area
For buyers searching in Apex, Holly Springs, Cary, Raleigh, Fuquay-Varina, Clayton, and Angier, this mortgage rate dip translates directly into more affordable monthly payments. Even a small change in rates can save families thousands of dollars over the life of their loan.
In a market where home prices remain competitive, lower mortgage rates in the Triangle increase buying power and make it easier to secure the right home.
Why Buyers Should Act Now
- Affordability Boost – A lower interest rate means more house for the same monthly payment. For example, a $400,000 home financed today costs less per month than it did just last week.
- Competitive Advantage – As more buyers jump back into the Raleigh real estate market, demand will rise. Getting pre-approved and ready now helps you move quickly before competition increases.
- New Construction Incentives – Builders in Apex, Holly Springs, and Clayton are still offering rate buy-downs, closing cost credits, and other incentives. Combined with this drop in rates, it’s an opportunity worth considering.
Local Market Insight
In my daily work across the Triangle, I’m already seeing renewed energy from buyers. Families who stepped back earlier in the year due to high rates are calling again, asking if now’s the time to move forward. My answer? Yes if you find the right home, this dip in mortgage rates can make a real difference.
Final Thoughts
The Raleigh housing market is known for its strong demand, top-rated schools, and thriving communities. A shift like this doesn’t come often. If you’ve been considering buying in Apex, Cary, Holly Springs, or anywhere in Wake or Johnston County and its surrounding areas, now may be the moment to take action.
Ready to Explore Your Buying Power?
I’m here to help families, military members, veterans, first responders, and local heroes find the right home not just a house. My approach is about putting your needs first, guiding you through the process with clarity and strategy.
📞 Call/Text: 919-939-0838
📧 Email: realtor@miguelfragoso.com
🌐 Website: miguelfragoso.exprealty.com
Helping families, military, and local heroes—one house at a time.
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