Mortgage Rates: How Lower Rates Are Boosting Myrtle Beach Market Buyers

Mortgage rates have dipped below 7% in early 2026, offering relief. Freddie Mac reports the 30-year fixed averaged 6.09% as of January 22, with averages around 6.17-6.24% nationally (Bankrate/Zillow data). This slight decline from late 2025 encourages buyers sidelined by higher rates.

Nationally, this fuels pending sales jumps (up 25.7% week-over-week post-holidays in some reports) and gradual sales growth.

Locally in Horry County, rates around 6.1-6.2% make coastal living more affordable. Combined with rising inventory (CCAR January 2026 report highlights more new listings), buyers in Myrtle Beach, North Myrtle Beach, and Murrells Inlet gain negotiating power. Median prices remain stable (~$239K overall, higher for single-family), and renewed December buyer interest carries into 2026.

Why This Matters Locally:

•  Lower rates → Increased affordability for beachfront or family homes.

•  National context: Easing lock-in effect brings more listings, mirroring Grand Strand’s balanced shift.

Don’t miss this window—rates could fluctuate. Use our home valuation tool or search properties now by clicking on home below and utilizing our search bar.

Contact Mike at Myrtle Bound Group today!