10/21/2026
Some buyers are waiting for mortgage rates to come down. But how low could they go?
*72% of surveyed buyers who are waiting for lower rates say they’re looking for rates around 5%
* Some forecasts project mortgage rates around 6.3% by mid-2027
* If rates move closer to 5%, more buyers could decide to enter the market, potentially increasing competition for available
homes
Waiting for a specific rate isn’t the only factor to consider. Your budget, timeline and overall financial goals matter, too.
Thinking about buying? DM me and let’s look at your home financing options and what the numbers could look like for you.
Sources: Realtor.com/Neighbors Bank Survey | Forbes Mortgage Rates Forecast, September 2026