Why Now Is the Time to Apply for a Mortgage

Mortgage demand is surging as rates drop. Don’t wait—now’s the time to apply and lock in your opportunity before competition heats up.
Mar 05, 2025

If you’ve been sitting on the sidelines waiting for the “right time” to buy a home, this is your sign. Mortgage demand just jumped 20% in a single week, according to the latest CNBC report, all thanks to falling interest rates. What does that mean for you? It means the window of opportunity is open—but it won’t stay open forever.

What’s Happening in the Market

After months of higher rates, interest rates have dropped, and homebuyers are wasting no time. More buyers are getting pre-approved, locking in rates, and hitting the market before competition picks up even more.

We’re already seeing the shift. The number of mortgage applications surged, and with spring homebuying season just around the corner, this is just the beginning.


Why Apply Now?

Here’s the truth:

  • Rates dropped – and we don’t know how long they’ll stay this low.
  • Competition is rising – as more buyers jump back into the market, the best homes will go fast.
  • Waiting could cost you – not just in rate increases, but also in bidding wars as demand grows.

What This Means for You

If you’re serious about buying this year, you have two choices:

  1. Take advantage of today’s rates and get pre-approved before the rush.
  2. Wait, hope rates stay low, and risk higher prices and more competition.

Bottom Line

There’s a lot in this market you can’t control. But getting ahead of rising competition and securing a better rate? That’s in your hands right now.

If you’ve been thinking about buying, let’s talk. I’ll walk you through your options, answer your questions, and help you get prepared to take full advantage of this moment.

Apply now—because opportunity doesn’t wait.

#HomeBuying2025 #MortgageRates #MarketUpdate #ApplyNow

Source: CNBC

Mark Liesner, RMLO ID #1445514, Licensed in Texas (but I can help in most states). Edge Home Finance Corporation, 4530 West 77th Street, Suite 365, Edina, MN 55435 NMLS ID#891464 Copyright © 2024. All Rights Reserved. Equal Housing Lender.This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice.All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. #multimillonaire #240 If you are refinancing your existing loan, your total finance charges may be higher over the life of the loan. Other restrictions and limitations apply. Residential Mortgage Loan Originator.