Mortgage Trends, Market Moves and Buyer Tips 

Spring is here, and with it comes one of the busiest seasons in real estate. In areas like Glens Falls and Saratoga Springs, New York, the market is heating up. Homes are selling, rates are changing and buyers are figuring out how to move forward in a market that still feels a bit uncertain.

If you’re thinking about buying a home this season, here’s what to know about current trends, interest rates and how local experts can help you navigate it all.

Mortgage Rates Are Still Moving

Mortgage rates have been up and down over the past few months. Many hoped for a steady drop this spring, but rates remain higher than they’ve been in recent years. This is mostly due to inflation, decisions from the Federal Reserve and persistent high home prices.

Andrew Stringer, Executive Vice President of Capital Markets at PrimeLending, explained it this way:

“We’re in a highly volatile environment driven by a combination of stubbornly high home prices, elevated mortgage rates and uncertainty surrounding inflation and the Federal Reserve’s future policy decisions. Still, opportunities exist to become a homeowner, build equity, and take advantage of growing buyers’ market.”

In the Glens Falls and Saratoga regions, where demand remains steady, this kind of rate movement has increased the importance of planning ahead and acting strategically.

A Look at the Local Market

In Glens Falls, the median home price reached $257,500 in February, up more than 36 percent from the same time last year, according to Redfin. Homes are staying on the market for about 60 days, which gives buyers more time compared to larger cities.

In Saratoga Springs, the average home value is around $561,000 as of March 2025, according to Zillow. Redfin data shows a median sale price of $728,750, which reflects a mix of larger or luxury homes in the area. Homes are spending a median of 93 days on the market, giving buyers time to explore options and negotiate. Like Glens Falls, Saratoga has seen steady demand, particularly in neighborhoods near downtown and Saratoga Lake, where location and lifestyle remain key selling points.

Both markets reflect a national trend: low housing supply is keeping prices high, even as interest rates limit some buyers’ options.

Tips for Today’s Homebuyer

If you’re planning to buy a home in Glens Falls, Saratoga or nearby communities this spring, keep these tips in mind:

• Get qualified* early. Knowing what you can afford helps you move fast when the right home comes along.
• Understand your options. Programs like adjustable-rate mortgages or temporary buydowns can make monthly payments more affordable.
• Be ready to act. Homes in popular areas can move quickly. Having financing in place gives you a competitive edge.
• Think long term. Even in a high-rate environment, buying a home helps you build wealth, especially in growing markets like Glens Falls and Saratoga.

Why Local Advice Matters

Buying a home involves more than finding a property. It’s about understanding financing, navigating paperwork and making informed decisions—especially in a changing market. That’s where a local expert can make all the difference.

Kristen Zorda (NMLS 58751), a registered loan originator with PrimeLending at the Syracuse Branch serves buyers throughout the Glens Falls and Saratoga area. With years of experience, she helps clients explore financing options, avoid surprises and stay confident throughout the mortgage process.

“Every buyer’s situation is different,” Zorda said. “Whether you’re buying your first home in Glens Falls or relocating to Saratoga, I take the time to understand your goals and match you with financing that fits your needs.”

Zorda works one-on-one with buyers to ensure they understand what to expect, how much they can afford and how to prepare for closing.

Why Now May Still be a Good Time to Buy

While higher interest rates are a factor, there are still strong reasons to buy this spring:

• You can start building equity instead of paying rent.
• Home values in Glens Falls and Saratoga continue to rise, which may boost your investment over time.
• You’ll have the opportunity to settle into a home and community you love.

There may not be a perfect time to buy, but with the right guidance, this could be the right time for you.

Start by Talking to a Mortgage Professional

Before you browse listings or attend open houses, talk to a mortgage expert. A trusted loan originator can help you get qualified, understand your loan options and set a plan that fits your budget and goals.

Kristen Zorda, NMLS 58751, is your local resource for financing in Glens Falls and Saratoga. With a strong understanding of both the national mortgage landscape and the local market, she can help you make confident choices—step by step.

Thinking about buying a home this spring? Contact Kristen Zorda to get qualified and explore your options in Glens Falls or Saratoga.

About PrimeLending 

PrimeLending, a subsidiary of PlainsCapital Bank and Hilltop Holdings Inc., focuses on simplifying the home loan experience. With a local presence, the company serves borrowers across various goals—purchasing, refinancing or building—through a mix of personal attention and digital innovation. 

Note: This overview is for informational purposes only and not intended as financial advice. Consult a professional for guidance tailored to your circumstances. 

PrimeLending North Syracuse, 6702 Buckley Road, Suite 130, Bldg B, North Syracuse, NY 13212, (315) 457-2900

*A qualification is not an approval of credit, and does not signify that underwriting requirements have been met. Conditions and restrictions may apply.

All loans subject to credit approval. Rates and fees subject to change. ©2025 PrimeLending, a PlainsCapital Company (PrimeLending). (NMLS: 13649) Equal Housing Lender. PrimeLending North Syracuse, 6702 Buckley Road, Suite 130, Bldg B, North Syracuse, NY 13212, is a wholly owned subsidiary of a state-chartered bank and is regulated by the New York Department of Financial Services No. LMBC 108099. v022422