What You Can Do When Mortgage Rates Are a Moving Target

Expert Advice from Don Reid Properties to Navigate Market Fluctuations with Confidence

Have you been watching mortgage rates lately? You’re not alone. One day, they dip slightly—and the next, they surge again. If you're a hopeful homebuyer in Central Virginia, this unpredictable roller coaster can feel overwhelming. But don’t let the fluctuating market hold you back from your dream of homeownership. At Don Reid Properties, we believe the best strategy is one built on preparation, not guesswork.

Let’s take a closer look at what’s really going on—and what you can do about it, right now.

The Mortgage Rate Roller Coaster

Using data from Mortgage News Daily, we’ve seen that after a relatively calm March, mortgage rates have been anything but steady in April. This kind of economic volatility is completely normal during times of inflation shifts, Fed updates, and job market changes.

Trying to “time the market” rarely works. Instead, focus on the factors you can control. Because here's the good news: you’re not powerless.

📌 Ready to talk about how mortgage rates impact your home search? Book a quick consultation with our team today.

Control What You Can: Key Areas That Affect Your Mortgage Rate

When it comes to getting the best deal on your home loan, several key factors are well within your control—regardless of what the economy is doing.

1. Your Credit Score Matters—Big Time

Your credit score plays a major role in determining the mortgage rate you’ll be offered. Even a small improvement in your score can lead to lower interest rates and potentially save you thousands over the life of your loan.

According to Bankrate:

“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”

👉 Tip from Don Reid Properties: Start improving your score by paying down credit cards, avoiding large new debts, and making payments on time. Not sure where your score stands? We’ll connect you with a trusted mortgage professional who can help you understand your options and what to work on.

📲 Let’s help you boost your buying power—contact us today and we’ll refer you to our go-to mortgage experts.

2. Pick the Right Loan Type for Your Situation

Did you know there’s more than one type of mortgage loan? Each has different eligibility requirements, down payment options, and interest rate structures. Whether you qualify for a conventional, FHA, USDA, or VA loan, choosing the right one can significantly impact your monthly mortgage payment.

The Consumer Financial Protection Bureau puts it simply:

“Rates can be significantly different depending on what loan type you choose. Talking to multiple lenders can help you better understand all of the options available to you.”

At Don Reid Properties, we guide you through these decisions with care and clarity. We’re not just about getting you into a home—we’re about getting you into the right home, with the right financing.

📝 Need help sorting through your loan options? Schedule a free buyer consultation now.

3. Choose a Loan Term That Works for Your Future

When it comes to home loans, longer isn’t always better. The loan term you choose—whether it’s 15, 20, or 30 years—can have a big impact on your interest rate, monthly payment, and total interest paid over time.

Freddie Mac explains:

“Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”

💡 Don’s Pro Tip: A 30-year loan might have lower monthly payments, but a 15-year term could save you tens of thousands in interest. Let’s talk about your goals so we can help you choose what makes the most sense for your lifestyle and financial future.

Bottom Line: Be Prepared, Not Paralyzed

At Don Reid Properties, we understand how confusing the current market can feel—but you don’t have to navigate it alone. While you can’t control where mortgage rates go tomorrow, you can take steps today to position yourself for success.

✅ Improve your credit score
✅ Explore all your loan options
✅ Choose a term that fits your financial goals
✅ Work with trusted professionals who care about your future

📣 Don’t let market uncertainty hold you back—let’s create a plan that gives you clarity, confidence, and control. Click here to schedule your free homebuyer consultation.

Whether you're ready to buy now or just starting to explore, Don Reid Properties is here to support you every step of the way. Because buying a home isn’t just about rates—it’s about building a future you love.

Ready to take the next step?
📍 Visit us at www.donreidproperties.com
📞 Call us anytime for personalized support
📅 Or book your buyer consult today

Let's make your homeownership journey smooth, smart, and successful—together.