10/14/2026
1️⃣ Lock in a rate hold ASAP! 🔒
Even if you're not planning to buy for another few months, securing a mortgage rate hold could protect you from further increases. Many lenders offer rate holds for up to 120 days. If rates drop before closing, you may still be able to take advantage of a lower rate.
2️⃣ Don't just chase the lowest rate! 💰
The lowest rate isn't always the best mortgage. I'd be looking at prepayment privileges, penalties for breaking the mortgage, and flexibility. A slightly higher rate with better terms could save you thousands down the road.
3️⃣ Know your numbers BEFORE shopping! 📊
When fixed rates rise, your purchasing power can change. I'd get my mortgage numbers reviewed before making an offer, especially if my pre-approval was done a few months ago. The last thing you want is to fall in love with a home only to find out your financing no longer works.
💡 My advice? Don't try to perfectly time the market. Focus on what you can afford, protect yourself with a rate hold, and make sure you're getting the right mortgage for your situation.
📲 Thinking about buying a home? Send me a DM with the word "RATE" and let's review your options before you make your next move!
