On the heels of economic whispers and market anticipation, it’s official:
The Federal Reserve has just made its first interest rate cut of 2025—a drop that’s already rippling through the housing market.
And yes… the ripple hit fast.
The average 30-year fixed mortgage just landed at 6.13%—the lowest level we’ve seen since late 2022.
That number may not sound dramatic at first glance, but in real estate? It changes everything.
Whether you’re buying, selling, or just watching from the sidelines, this shift has real consequences—and even better opportunities—if you know how to navigate it.
Let’s break it all down.
Buyers: This Is Your Moment
This interest rate drop didn’t just lower the number, it raised your buying power.
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More affordability. A lower rate means lower monthly payments and possibly more home for your money.
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More flexibility. With a better rate, you may have breathing room in your budget for closing costs, repairs, or even that screened-in porch you’ve been dreaming about.
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More negotiation leverage. In this market, it’s not just about the price. Many sellers are offering incentives to attract serious buyers—think rate buydowns, closing cost credits, or even HOA contributions.
What’s a rate buydown?
It’s when the seller contributes money at closing to reduce your interest rate; sometimes temporarily, sometimes for the life of the loan. It’s like hitting the “discount” button on your mortgage.
With inventory levels higher than they’ve been in years across Myrtle Beach, you don’t need to rush… but you do need to be ready. The best homes will move faster as more buyers re-enter the market thanks to improved affordability.
Pro Tip: Get pre-approved now, so when the right home hits the market, you can move with confidence and leverage.
Sellers: The Buyer Pool Just Got Bigger
Let’s keep it real—buyers have had the upper hand for a while here in Myrtle Beach.
Inventory is up. Homes are sitting a bit longer. Price reductions have become part of the conversation.
But this rate drop? It’s a tide-turner.
Lower interest rates tend to pull hesitant buyers off the sidelines—and with that comes a larger, more serious pool of shoppers.
That means:
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More eyes on your listing
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More showings
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More motivated offers
This is the moment to make your home stand out. That doesn't mean dumping thousands into renovations—it means dialing in the details:
✔ Pricing it right
✔ Professional photos and marketing
✔ Strategic staging and prep
✔ Expert negotiation and exposure
My advice? Let’s work together to position your home in front of the right buyers, with the right messaging, and the right momentum behind it.
Ready to Make a Move?
Whether you’re thinking about buying your first beach home, relocating to the coast, or getting your current property ready to list, I’d love to be your resource and guide.
Every home tells a story. I’m here to help you write yours.
Elayna Cassidy, Realtor®
Oasis Realty Collective | Myrtle Beach, SC
Email: [email protected]
Call/Text: 843.585.3236
"Every Home Tells A Story. I'm Here To Help You Write Yours"