Mortgage Rate Update for the Week of January 16, 2025

We have the results of the Fed meeting on Wednesday with next to zero chance of a rate change. Check out what may impact the direction of mortgage rates and learn which saves more, a price reduction or a seller credit to buy down interest rates on this week’s episode.

If you’re thinking about buying, selling, refinancing, remodeling or even a reverse mortgage, let’s talk!

How Much Can a Seller Pay Towards Buyer’s Closing Costs? (Updated)

Seller Contributions for home buyersHow Much Can a Seller Pay Toward a Buyer’s Closing Costs? (Updated for 2026)

One of the most common questions I’m asked by homebuyers — especially first-time buyers — is:

“Can the seller help pay my closing costs?”

The short answer is yes — but how much depends on the type of loan and the terms of the purchase contract.

Let’s break this down clearly. [Read more…]