The WSJ Prime Rate recently fell by 0.25 percentage points following the Federal Reserve’s decision to cut its benchmark interest rate in September 2025, dropping from 7.50% to 7.25%.
It is essential to note that mortgage rates are not directly influenced by central bank policy, but rather by a complex set of factors, including 10-year Treasury yields and mortgage demand. Reflecting signs of a slowing economy, 10-year Treasury rates recently hovered around 4%, down from 4.5% earlier this year.
If you are a homeowner considering refinancing or planning to buy, falling mortgage rates could translate into significant savings. Lisle Savings Bank is here to help you understand what this means and to explain your mortgage options.
How LSB Mortgage Rates Have Responded to This Change
At Lisle Savings Bank, our Mortgage Rates have recently declined in line with the reduction in WSJ Prime and the 10-year Treasury rates. This means it may be an excellent time for both current and future LSB customers to take advantage of reduced mortgage rates.
Whether you are a first time homebuyer or a current homeowner, lower rates can mean lower monthly mortgage payments, reduced interest costs paid over the life of your loan, and greater purchasing power in today’s housing market.
Is Now the Right Time to Refinance or Buy?
For Current Homeowners: Every situation has costs and benefits. If your existing mortgage rate is at least 0.75% higher than LSB’s current Mortgage Rates, we recommend reviewing your options with an LSB Loan Officer. The costs of refinancing or completing an LSB Loan Modification may be offset within the first year or more through reduced interest payments.
For Prospective Buyers: Lower mortgage rates can result in lower monthly payments or enable shorter-term repayment options, making homeownership more affordable and potentially within your budget.
Market conditions can change quickly, and today’s improved Mortgage Rates represent an opportunity that should not be overlooked. With our 75-day rate lock and Free Rate Float Down, you do not have to worry about timing the market perfectly. You can lock in now and still benefit if rates drop again before closing.
Ready to Take Advantage of Lower Rates?
Check out our current Mortgage Rates and contact an LSB Loan Officer today at (630) 852-3710 to discuss the costs and benefits of taking advantage of today’s rates. Don’t let this opportunity pass by! Let’s start the conversation about what makes sense for your financial situation.