Mortgage Rates and Affordability

Mortgage Rates and Affordability

Mortgage rates are expected to remain above 6% throughout 2025, which will continue to impact buyer affordability. Higher rates can discourage some buyers, but for those who are serious about making a move, the slightly lower home prices can balance out the increased monthly payments (Source).

San Antonio’s affordability still stands out compared to other Texas cities. Whether it’s first-time buyers or retirees looking to downsize, San Antonio offers a great mix of housing options. It's our job as realtors to help our clients navigate financing options and show them that owning a home is still achievable, even with higher rates.