10/19/2026
Are you waiting for rates to drop before buying a home? Consider what waiting could cost you in negotiation power.
For a $300,000 loan with a 30-year fixed term:
➡️ 7.50% interest | ~$2,097/month (principal & interest only)
➡️ 7.00% interest | ~$1,996/month (principal & interest only)
That’s about $100/month in principal and interest. That money matters—but other buyers are waiting for the same savings.
A home sitting for 30, 45, or 60+ days can spell OPPORTUNITY:
• A lower purchase price
• Less competition
• Seller-paid closing costs and/or a rate reduction
• Repairs negotiated before closing
Not every seller will negotiate. But if rates fall and more buyers return, today’s opportunities could become tomorrow’s competition.
The rate matters, yes. So does the price, payment, and contract terms. Buy when the home AND the numbers work for you—not just when a headline says rates dropped.
Buying in Lexington or the surrounding area? Reach out, and let’s work together to get a plan set for YOU.
