Ep.52 This ONE Mistake Could Cost You Thousands on Your Mortgage

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Jul 20, 2025 | Is the housing market finally cooling down—or just getting started again? In this episode, we break down what’s really happening with interest rates, buyer and seller dynamics, and how mortgage payments are impacting affordability across the board.

From the lingering effects of the pandemic to what rising rates mean for your monthly payments, we explore what both buyers and sellers need to know to make smart, confident decisions in today’s shifting market.

Whether you're navigating a first-time purchase or deciding if it's time to sell, this conversation is full of practical advice and timely insight to help you move forward wisely.

Follow Holly McDonald!
Instagram: @realtorhollymcdonald
Facebook: costamesarealestatehollymcdonald
Youtube:  @OrangeCountyCARealEstate 
Website: realtorhollymcdonald.com

Follow Jason Thomas!
Instagram:jason_thomas_mortgage
Facebook: Jason Thomas Mortgage
Website: jmj.me/jthomas
NMLS 1163778

💡 Key Takeaways:
Interest rates have a big impact on monthly payments and affordability.
The market has normalized post-COVID, but challenges remain.
Sellers are more open to negotiation than before.
Some buyers may need to compromise on condition to meet budget.
Rates may drop soon, which could spark more buyer activity.
Total cost of ownership should always be considered.
Extra principal payments can dramatically reduce your mortgage term.
Shifting expenses (like childcare) can help free up money for a mortgage.
Awareness of trends empowers smarter real estate decisions.
Adaptability is key in this evolving market.

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