10/12/2026
Let’s talk about interest rates, because I think some people need a little history lesson.
Some people are still sitting around waiting for mortgage rates to return to what we saw in 2020 and 2021.
But here’s what they’re forgetting…
Those rates were NOT normal.
We were in the middle of a global pandemic. Businesses were shutting down, millions of Americans were losing their jobs, and the economy was facing a serious crisis.
The Federal Reserve dropped interest rates to nearly ZERO to keep the economy from collapsing.
Those historically low mortgage rates weren’t a sign of a healthy, normal economy. They were the result of extraordinary measures taken during an extraordinary time.
And somehow, people have convinced themselves that 2% and 3% mortgage rates are what we should expect.
They’re not.
Historically speaking, mortgage rates in the 6%–7% range are much closer to normal than the pandemic-era rates we experienced.
Could rates come down? Absolutely.
Could we ever see 3% again? It’s possible under exceptional economic circumstances.
But expecting another global economic emergency just to get those rates back is not a realistic housing strategy.
2020 and 2021 were the exception, not the rule.
At some point, we have to stop comparing today’s housing market to a once-in-a-generation economic crisis.
Stop waiting for an emergency-level interest rate in a normal economy.
Understand the market we’re actually in, not the one you wish we could go back to.
