Let’s talk about something making big headlines lately—mortgage rates.
After a weaker job report, rates dipped to 6.5%, the lowest we’ve seen so far this year. Many buyers are hoping for that magic 6% mark, but most experts agree we likely won’t see a dramatic drop anytime soon. Current forecasts suggest rates will stay in the mid-to-low 6% range through 2026, with only small fluctuations along the way.
So here’s the trade-off:
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If you wait for rates to drop, so will everyone else. When rates inch lower, demand will spike, competition will heat up, and home prices could climb as more buyers rush into the market.
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Right now, buyers have an advantage. Inventory is higher, which means more choices. Price growth has slowed, so homes are being listed more realistically than even a few months ago. And with fewer buyers actively competing, you have stronger negotiating power—sometimes even securing savings or extra perks from sellers.
The bottom line: You don’t need to wait for rates to hit 6% to find a great opportunity. In fact, this market may be the window you’ve been waiting for—less pressure, more options, and more room to negotiate.
If you’ve been thinking about buying, let’s connect. I’d love to talk with you about your options and help you take advantage of today’s opportunities.
