Considering Buying a Home in 2025? Here’s Why It Might Be the Right Time

If spending more time at home over the past year has you contemplating homeownership, you’re not alone. With mortgage rates at historic lows and rental costs on the constant rise, purchasing a home is becoming a more attractive option for many.

Mortgage Rates at Historic Lows

As of September 11, 2025, the average 30-year fixed mortgage rate has dropped to 6.35%—the lowest level in nearly a year, according to FRED. This decline is attributed to factors such as a slowdown in the labor market and decreased inflation expectations, according to Bankrate. Economists anticipate that the Federal Reserve may implement interest rate cuts in its upcoming meetings, according to Reuters, which could further influence mortgage rates.

Rising Rental Costs

While mortgage rates are favorable, rental prices continue to rise. In major metropolitan areas, renting is becoming increasingly expensive. For instance, in June 2025, the average monthly cost of buying a starter home in the top 50 metros was $908 higher than renting, according to a Realtor. This trend is prompting many to reconsider renting as a long-term solution.

Home Prices and Affordability

Despite rising home prices, the overall cost of homeownership remains competitive compared to renting. In 2025, buying a home is more affordable than renting in most U.S. markets barrettfinancial.com. However, affordability varies by location, and it’s essential to consider local market conditions when making a decision.

Preferred Properties of Texas: Here to Help

If you’re considering buying a home in Texas, Preferred Properties of Texas is here to assist you. Our team of experienced agents can help you navigate the current market, find properties that fit your budget, and guide you through the home-buying process. Contact us today to learn more about your options and take the first step toward homeownership. Call Preferred Properties of Texas at 254-965-7775. With over 30 years of experience in real estate, we can help you with all your real estate needs.