04/25/2026
One of the most common questions we’re hearing right now: Should I wait for mortgage rates to drop?
Here’s some perspective:
• In the 1980s, buyers were purchasing homes with rates around 12%
• In 2020, rates dropped to around 3%
• Today, we’re in the mid-6% range
• 2025 averaged approximately 6.6%, with current rates slightly below that
It’s completely reasonable to think waiting is the “safer” strategy. However, it’s important to understand what typically follows when rates begin to decline.
As rates decrease, more buyers re-enter the market. Increased demand leads to stronger competition, which often puts upward pressure on home prices.
In other words, while a lower interest rate may improve monthly affordability, the overall purchase price and competitiveness of the market may increase.
In today’s environment, many markets are experiencing less competition, increased inventory, and more opportunity for negotiation compared to recent years.
Our role is not to push timing decisions, but to provide clear, data-driven insight so our clients can make informed choices that align with their goals.
If you’ve been considering a move and want to evaluate your options, we’re always available to connect.
