What You Can Do When Mortgage Rates Are a Moving Target
If you’re looking to buy a home in the Tampa Bay area, you’ve likely noticed mortgage rates have been bouncing around lately. One week they dip, the next week they spike. With spring buying season heating up, that kind of volatility can make it hard to know when to make your move.
Here’s the truth: timing the market perfectly is nearly impossible. And while you can’t control what rates will do tomorrow, you can take action now to improve your position as a buyer.
At The Key Group, we work closely with trusted lenders across the Tampa Bay region to make sure our clients are educated, informed, and prepared. Here are three smart things you can do right now to help you lock in the best rate possible, no matter what the market is doing.
1. Strengthen Your Credit Score
Your credit score plays a major role in the rate a lender offers you. Even a small bump in your score can save you thousands over the life of your loan. Here’s how to keep it in top shape:
Pay bills on time
Avoid opening new credit accounts
Keep balances low on existing cards
Not sure where your credit score stands? Reach out to one of our recommended loan officers to check in and get personalized advice.
2. Explore the Right Loan Type
Not all mortgages are created equal. The type of loan you choose can impact your rate, your monthly payment, and how much cash you need at closing.
In the Tampa Bay market, we frequently work with clients using:
VA loans (for eligible veterans)
USDA loans (for qualified rural areas)
Each has its own pros and cons. A knowledgeable lender can walk you through the best options based on your credit, income, and location.
3. Choose the Loan Term That Fits Your Goals
You’ve probably heard of 30-year and 15-year mortgages, but other options exist too. Your loan term affects not just your interest rate, but how much interest you’ll pay over time.
For example:
A 15-year loan often comes with a lower rate but higher monthly payments
A 30-year loan spreads payments out, but may come with a slightly higher rate
Your loan officer will help you decide what works best for your budget and long-term goals.
Bottom Line
Mortgage rates may be unpredictable, but your strategy doesn’t have to be. By taking control of your credit score, loan type, and loan term, you can position yourself to secure the best rate possible—no matter what the market is doing.
If you’re planning to buy in the Tampa Bay area, don’t go it alone. At The Key Group, we connect buyers with trusted local lenders and provide personalized guidance every step of the way.
Ready to take the next step? Schedule a consultation with us today to explore your loan options and get a clear, confident plan to move forward. Your path to homeownership in Tampa Bay starts here.