What Home Buyers Need to Know About Interest Rates in Fall 2025

If you’ve been following the housing market lately, you know interest rates have been a hot topic. For many buyers, rates feel like the one thing standing between them and their dream home. But here’s the truth: while interest rates play an important role, they’re only part of the bigger picture.

As we head into fall 2025, here’s what buyers in Durango and across Southwest Colorado should keep in mind.

1. Why Interest Rates Matter

Your interest rate directly affects your monthly mortgage payment and your overall buying power. Even a small change—say, half a percent—can make a noticeable difference in what you qualify for. That’s why rates get so much attention.

2. Rates Are Always Moving

Rates naturally rise and fall with the economy, inflation, and national policy. The important thing to remember is that today’s “high” rate may still be lower than what we’ve seen historically. And if rates drop after you buy, refinancing can always be an option down the road.

3. Timing the Market Isn’t Everything

It’s easy to get caught up in waiting for the “perfect” rate. But the right home, in the right neighborhood, often matters more than trying to predict the exact timing of rate changes. In other words—don’t let a short-term number keep you from a long-term investment.

4. Steps to Take as a Buyer

• Get pre-approved early. It gives you a clear picture of your budget and helps you move quickly when you find the right home.

• Talk to a local lender. They’ll know about specific programs or incentives available in La Plata County.

• Consider a rate lock. If you find a rate you’re comfortable with, a lock can protect you from sudden increases while you shop.

The Bottom Line

Interest rates are important—but they don’t define your entire buying journey. What matters most is finding a home that fits your needs, budget, and lifestyle. With the right strategy and guidance, you can move forward with confidence no matter where rates stand.

💬 Thinking about buying a home in Durango or Southwest Colorado?
I work closely with trusted local lenders to help buyers understand their options and feel confident in their decisions. Let’s connect and talk about how to make today’s market work for you.

📞 Michelle Brown | (970)-759-6958 | Blackmore Group Real Estate
Your Southwest Colorado Real Estate Expert