Fannie Mae’s Mortgage Rate Forecast: What San Antonio Buyers Should Know for 2025–26

San Antonio Mortgage Rates 2025: A Shift Ahead

If you’ve been watching mortgage rates, you know they’ve been the big headline for anyone buying or selling a home. Fannie Mae recently updated their outlook and now expects 30-year mortgage rates to stay in the mid-6% range through 2025, with a gradual decline into the low 6’s by 2026.

That may not sound like a huge change, but in real estate? Even a small rate shift can make a big difference in what buyers can afford and how competitive the market feels.

San Antonio is already one of the most affordable major cities in Texas, but we still feel the ripple effects of national rate changes. Here’s how this plays out locally:

✔️ More buyers will qualify – As rates ease, more families and first-time buyers will be able to step into the market.

✔️ Competition could heat up – Lower monthly payments = more demand. Expect popular areas like Stone Oak, Alamo Ranch, and Helotes to move faster once rates drop.

✔️ Sellers may gain leverage – More buyers in the market means sellers could see multiple offers if they prepare and price their home right.

✔️ Waiting isn’t always the answer – Yes, rates are projected to drop, but so is inventory. When everyone jumps back in at once, the competition can outweigh the savings.

Strategy > Timing

Here’s the truth: you don’t need to “time” the market perfectly to win in real estate. The clients who prepare early are the ones who get the best results. That means:

• Getting pre-approved now so you know your numbers.

• Watching neighborhoods that fit your lifestyle (not just your budget).

• Building a game plan so you’re ready to act when the right home hits.

The Bottom Line

San Antonio’s market will stay strong into 2025 and beyond. With mortgage rates projected to settle into the low 6’s by 2026, affordability could improve — but competition will follow. The smartest move? Start planning now so you’re ahead of the curve when conditions shift.

Let’s Build Your San Antonio Game Plan

I’m Kaylee, a San Antonio and Hill Country Realtor® helping families navigate this market with honest insights and proven strategies. Whether you’re sizing up, relocating, or buying your very first home, I’ll help you map out a plan that makes sense for your goals.

Want more updates like this? Subscribe to my newsletter for San Antonio housing insights.