What Rising Rates Mean for DeSoto, TX Homeowners
What Rising Rates Mean for DeSoto, TX Homeowners
by Steve
Rising Interest Rates Are Here—Now What?
Mortgage rates are climbing again. And if you’re a homeowner in DeSoto, TX, it affects more than just your refinance plans. It could shape your home value, your ability to sell, or even your next purchase. Rates are now hovering above 7% as of July 2025—the highest they’ve been in over a decade.
Whether you’re planning to sell, hold, or buy, it’s time to look at how rising rates impact you locally in DeSoto. This isn’t about national trends. It’s about how this hits your street, your neighborhood, and your long-term equity.
Neighborhood Spotlights: How DeSoto Homeowners Are Feeling the Rate Shift
Hampton Place & Elerson Ranch
Homeowners in these neighborhoods saw solid appreciation in 2021–2023. But with fewer buyers qualifying in 2025, showings have slowed, and price growth is flat.
Thorntree & Silver Creek
Many homes in these areas were purchased or refinanced during 3% interest rate years. Now, with fewer move-up buyers in the market, inventory is building up—which can stall appreciation.
Mockingbird Hills & Parkerville Meadows
These neighborhoods still have strong demand, especially for well-maintained single-story homes. But rising monthly payments are pushing some would-be buyers out.
Thinking about timing your next move? Get your Home Seller Score to see how your home is positioned in today’s market.
Local Market Trends: What’s Happening in DeSoto Real Estate Right Now?
Median home price (June 2025): $332,000 (flat YoY)
Average days on market: 47 days (up from 29 days in 2023)
Interest rate on a 30-year fixed: 7.13%
"Higher rates mean fewer buyers and more cautious sellers. But homes priced right are still moving in DeSoto." — Latoya Hill, Local Listing Agent, DFW Metro
If you’re planning to sell or buy, understanding current data can help you plan the right move. Check our full seller resources or get pre-approved here.
Cost Breakdown: What Higher Rates Mean for Your Wallet
1. Monthly Payments Go Up
A $300,000 loan at 7.25% costs about $490 more per month than the same loan at 3.5%.
2. Less Buyer Demand = Less Pricing Power
Buyers qualify for less, which can limit how high they’re willing to go on offers.
3. Equity Growth Slows
Fewer bidding wars and longer listing timelines mean slower appreciation.
Pro Tip: Want to sell before buyer affordability drops more? Explore your selling options now.
Builder & Community Insights: How New Construction is Reacting
DeSoto’s new construction scene is smaller than nearby suburbs, but local builders like Trophy Signature and Bloomfield are adjusting too:
Offering buydown rate incentives (5.99% fixed for year one)
Bigger closing cost packages
Inventory homes priced more competitively
Want to compare builder incentives? Check out the DFW New Construction Home List or learn how to earn rebates.
Financing & Incentives: What's Still on the Table for Buyers and Sellers
For Buyers
Temporary 2-1 buydown options
Builder-paid closing costs (up to $15K in some cases)
For Sellers
Offering rate buydowns as a marketing tool
Paying buyer closing costs
Holding firm on price but offering repairs/credits
Download the Lone Star Living App to get alerts on new incentives, rate drops, and buyer activity in your area.
Conclusion: Rates Are Up, But You’ve Got Options
The market’s changed—no question. But smart homeowners in DeSoto are still finding ways to win. Whether you're buying, selling, or just waiting, now is the time to understand your numbers and explore your leverage.
Download the Lone Star Living App now to stay updated on local market activity, rates, and incentives designed for DeSoto homeowners.
You're Always Home With Refind Realty!
FAQs: What DeSoto Homeowners Are Asking About Rising Rates
Can I still sell my house with rates above 7%?
Yes, but pricing and timing matter more now. Prep is key. Use this Home Seller Checklist.
Should I wait to buy until rates drop?
Only if you plan to stay put for 12+ months. If the right home comes up, consider buying now and refinancing later.
Are builders still offering incentives?
Yes—many are increasing their incentives to attract qualified buyers. Check active builder promotions.
What if I’m locked into a 3% mortgage?
You have more leverage. Consider selling if you’re upsizing or downsizing and can trade equity for better terms.
Can I refinance later if rates fall?
Yes. Lenders are still offering no-cost refinance options within 12-24 months of purchase.
