At Bank of Bozeman, we’re more than just a bank—we’re your neighbors, committed to helping our Bozeman community achieve their dreams of homeownership. Whether you’re a first-time homebuyer, looking to upgrade, or planning to refinance, we’re here to guide you every step of the way!

Bozeman’s real estate market continues to thrive, with a mix of new construction and charming older homes available. While interest rates have seen some fluctuations this year, they’re still historically favorable for buyers looking to invest in their future.

The Federal Reserve reduced its benchmark interest rate by 25 basis points earlier this month, signaling a softer stance as inflation cools. However, longer-term mortgage rates remain elevated due to market responses to stronger economic growth and higher expected deficits. The average 30-year fixed mortgage rate reached 6.93% this month, marking a four-month high. While higher than September’s 5.89% low, it still remains far below last year’s peak of over 8%.

If you’re considering purchasing a home, acting sooner rather than later may help you lock in a competitive rate. Our team is here to help you understand your options!