🏡 The Shift Has Started: What Today’s Rate Drop Really Means for Bay Area Buyers

Real Estate Weekly Newsletter

Mortgage rates just dropped to a 3 year low and the market is already responding. If you’ve been waiting for the right moment to buy, this might be your window

Here’s what’s actually happening right now in Contra Costa County and what it means for you:

30 Year Rates Just Fell to 6.06%

That’s the lowest we’ve seen since mid 2022

✅ Lower rates mean more buying power
✅ Monthly payments could be $300 to $500 less compared to late 2025
✅ You might qualify for a higher purchase price or keep the same budget and just pay less

This shift is already unlocking deals that didn’t pencil out 60 days ago

Buyer Activity Is Quietly Ramping Up

Across the East Bay, early signs of a shift are already showing

✅ More open house traffic
✅ More pre approvals from local lenders
✅ More competition in the under $900K range

The crowd isn’t fully back yet but the early buyers are

Spring Market Momentum Is Starting Early

Normally we see momentum build in March but with this drop in rates, activity is creeping in now — especially in cities like Antioch, Concord, and Pittsburg

✅ Sellers are pricing more confidently
✅ Credits and concessions are shrinking
✅ Homes are spending less time on market

If you wait until March, you might be shopping with less leverage and more pressure

Right Now, Buyers Still Hold the Advantage

This moment offers a rare mix: better rates and still flexible sellers

✅ Inspection and appraisal contingencies are getting accepted
✅ You can still negotiate closing credits or repairs
✅ You're not in a 10 offer war yet

That balance is temporary. If rates stay low, competition will erase these perks fast

Bottom Line: The Market Just Moved Quietly

Most people don’t feel it yet but it’s happening
Rates dropped. Buyers are moving

✅ If you're pre approved, it’s time to re run your numbers
✅ If you’re just starting, now’s the time to position early
✅ If you’re waiting, understand that this window may not last long

Want to see what this new rate means for your real monthly payment
Schedule Your Call Today
Your edge is timing, not hesitation