After a rollercoaster ride of rising interest rates, homebuyers are finally catching a break. Mortgage rates, which peaked at nearly 7.8% in late 2023, have moderated to around 6.2% as of fall 2025¹². While still higher than the historic lows of 2021, this shift is making a noticeable difference in monthly payments—especially for buyers shopping in the average price range.

What Does This Mean for Buyers?

Let’s break it down. A $400,000 mortgage at 7.79% would have cost buyers roughly $2,877/month in principal and interest. At today’s moderated rate of 6.2%, that same loan now costs about $2,450/month—a savings of over $400 monthly¹. For homes priced closer to the median in our region (around $300,000–$350,000), the savings are still substantial, often trimming $300–$350 off monthly payments compared to last year’s peak.

This moderation is especially meaningful for first-time buyers, empty nesters, and relocators who were previously priced out of the market. With slightly lower rates and more predictable monthly costs, the window to buy is opening wider.

Why Morganton, Hickory, and Newton/Conover Are Worth a Look

Beyond the numbers, western North Carolina is buzzing with new energy. The Morganton–Hickory–Newton/Conover corridor is seeing a wave of new businesses and infrastructure that’s turning heads—and drawing relocators.

Here’s what’s brewing:

1. The Honey Hog Restaurant is under construction in Morganton, promising a vibrant new dining experience on Carbon City Road. With steel framing underway, it’s expected to open in a brand-new facility by year’s end³.
2. WeCare Pharmacy, a full-service compounding and specialty pharmacy, is opening in Morganton’s former Smoothie King building. It’s designed to serve patients with chronic and rare conditions, adding a layer of healthcare sophistication to the area³.
3. Village Inn Pizza Parlor is expanding with a new location on Bush Drive, bringing a beloved regional favorite to more families³.
4. Hickory’s economic development continues to shine. Recognized as one of the fastest-growing economies in the U.S., the city is actively attracting new businesses and fostering a culture of craftsmanship and innovation⁴.
5. Catawba County’s Future Summit recently brought together over 360 leaders to chart bold visions for growth, signaling strong regional momentum and investment⁵.

A Lifestyle Worth Relocating For

Nestled between Charlotte and Asheville, this region offers a rare blend of affordability, natural beauty, and economic opportunity. Whether you're a remote worker seeking a scenic backdrop, a retiree looking for community, or a family craving space and value, Morganton, Hickory, and Newton/Conover deliver.

With interest rates easing and new businesses planting roots, now is a strategic time to explore relocation. The mortgage math is improving, and the lifestyle perks are multiplying.

?? Thinking about making a move? Let’s connect. Whether you’re buying, selling, or just exploring, I’m here to help you navigate the market with clarity and confidence.

Sources:

References (5)

1Data Spotlight: The Impact of Changing Mortgage Interest Rates. https://www.consumerfinance.gov/data-research/research-reports/data-spotlight-the-impact-of-changing-mortgage-interest-rates/

2How Federal Reserve Rate Decisions Impact Mortgage Rates in 2025 .... https://www.kiplinger.com/real-estate/mortgages/how-the-federal-reserve-affects-mortgage-rates

3Here's the latest on businesses coming to Morganton | Business | The Paper. https://www.thepaper.media/business/from-farewells-to-new-construction-here-are-the-latest-morganton-business-updates/article_5601c03b-8349-40a3-a5aa-b72c013c296f.html

4Breaking Ground | City of Hickory. https://www.hickorync.gov/breaking-ground

5Home - The Chamber of Catawba County. https://catawbachamber.org/

A look at homes that didn't sell and how they're bouncing back...

In the past 60 days, over 40 homes in Catawba Valley were relisted after failing to sell.  The common thread could have been poor marketing, unclear pricing or missed emotional connection for buyers.  Sellers who re-entered the market with fresh visuals and strategic storytelling saw renewed interest.  If you've tried to sell before, let's explore what could work better this time.

Sheree

Had the pleasure of meeting one of the most forward-thinking and successful real estate agents of the modern time, Ryan Serhant, this week at a next-level training with his team.

When people think of retiring in North Carolina, they often picture coastal towns or mountain retreats. But there’s a hidden gem right in the Catawba Valley: Downtown Hickory.

Here’s why retirees are choosing Hickory as their new home:

1. Walkability – You can enjoy restaurants, coffee shops, boutiques, and the Hickory Farmers Market all on foot.
2. Healthcare Access – Excellent healthcare facilities are nearby, an important factor for retirees.
3. Community Vibe – Downtown Hickory offers concerts, festivals, and community events that make it easy to feel connected.
4. Affordability – Compared to larger cities, Hickory offers lower housing costs without sacrificing amenities.

I’ve worked with several retirees who chose downtown living because it keeps them active and connected. They love the blend of convenience and charm.

Curious about homes or condos in Downtown Hickory? Let’s schedule a tour together and explore what retirement living here could look like for you.

Sheree Byrd, Realtor®, Faith Parker Properties

828-391-9535; info@shereebyrdrealtor.com