Mortgage Rates Just Hit a Yearly Low—Here’s How to Take Advantage

Naje Sayah
Aug 27
3 min read

By Naje Sayah, President & Senior Lending Advisor, Kingdom Lending LLC

If you've been waiting for the right moment to buy a home or refinance your current mortgage, the time may be now.

Mortgage rates have dipped to their lowest levels of the year, creating a powerful window of opportunity for buyers and homeowners alike. But don’t mistake this as a time to just watch from the sidelines. The real wins go to those who are prepared, proactive, and informed.

Here’s how to take full advantage of today’s market.

📊 1. Don’t Just Check One Lender—Shop Around

Many borrowers assume mortgage rates are the same everywhere. Not true.

Different lenders offer different pricing—even on the same day and for the same borrower. That’s why it pays to compare.

💡 Tip: At Kingdom Lending, we shop across dozens of top lenders on your behalf. We don’t just sell you a loan—we find the right one.

🔐 2. Be Ready to Lock In When the Rate is Right

You don’t need to time the market perfectly—but you do need to be prepared when the right rate comes along.

That means:

Being pre-approved
Having your documents ready
Knowing your monthly payment comfort zone

A 0.25% rate difference could mean tens of thousands of dollars saved over 30 years.

A credit card with an embedded chip lies on top of a stack of dollar bills and cryptocurrency coins, symbolizing the intersection of traditional and digital finance.

🛠️ Let’s get you pre-approved now so you’re ready when the time is right. Start Here »

💳 3. Your Credit Score = Your Mortgage Power

Your credit score plays a huge role in the rate you qualify for.

Even small changes can cost—or save—you thousands:

780+ scores get the best rates
Below 640? You may pay nearly 3% more in interest

✅ Free Tip: Before applying, review your credit. Dispute errors, pay down credit cards, and avoid new debt.

Need help with this? We offer free mortgage readiness coaching.

💰 4. A Bigger Down Payment Can Lower Your Rate

You may know that 20% down avoids mortgage insurance—but did you know 25% down can also lower your rate?

That said, you don’t need 20% down to buy a home. Many of our clients use 3%, 5%, or 0% down programs (like VA and USDA).

💬 We’ll help you weigh the savings of a bigger down payment vs. keeping more cash on hand.

🧠 5. It’s Not Just About Rates—It’s About Readiness

Rates are just one part of the equation. Here's what really matters:

Are you financially stable?
Is your credit mortgage-ready?
Do you know what monthly payment you’re comfortable with?

If the answer is yes, then you're ready to move forward—regardless of whether rates dip another 0.10%.

🧭 Need a second opinion? Schedule a free strategy call with us today. Book Now »

🏡 Current Rates Snapshot (as of August 27, 2025)

Loan Type	Avg. Rate
30-Year Fixed	6.60%
15-Year Fixed	5.81%
5/1 ARM	5.73%

📉 These are the lowest we’ve seen all year. If you’ve been holding off, this may be your moment.

🛣️ Next Steps: How to Get the Lowest Rate

Apply for Pre-Approval – Know what you qualify for before rates move again.
Review Your Credit – Clean up any surprises before you apply.
Compare Lenders (We’ll Do It for You) – Save time and money by letting us shop dozens of options.
Be Ready to Lock – When the right rate hits, we’ll lock it in fast.

🔑 Why Choose Kingdom Lending?

As an independent mortgage broker, Kingdom Lending isn’t tied to just one lender. We shop your loan with multiple lenders to find the best rate and terms—without the runaround or hidden fees.

Our promise:✅ Honest advice✅ Personalized strategy✅ Fast closings✅ Faith-based service values