09/16/2026
🐪 HAPPY HUMP DAY! 🐪
But seriously… where did we even get the phrase “Hump Day”? 😂
It’s basically the middle of the workweek — Wednesday. You’ve climbed the first half of the week, and now you’re officially headed downhill toward the weekend! 🙌
And isn’t it funny how Wednesday actually feels different?
Monday: 😩
Tuesday: 😐
Wednesday: We made it! 🙌
Thursday: 😏
Friday: 🎉
Now let’s talk about another “hump” I hear from buyers all the time…
“I’m afraid I missed my chance because rates are higher.”
🏡 You may not have missed anything.
Rates are important, but they are NOT the only thing to consider when buying a home.
Here’s why:
✔️ Home prices matter. Waiting for a lower rate doesn’t guarantee the home you want will still be available—or at the same price.
✔️ Your buying power matters. There may be down payment assistance, grants, seller concessions, or other programs that can change the overall numbers.
✔️ Your monthly budget matters more than a headline rate. The question isn’t simply “What’s the rate?” It’s “What payment fits YOUR budget?”
✔️ Your long-term goals matter. A home can be a place to live, build equity, and potentially refinance later if market conditions make that beneficial.
✔️ There is no crystal ball. Nobody knows exactly where rates or home prices will be a year from now.
And here’s a quick example. 👇
$400,000 FHA purchase | 3.5% down
Down payment: $14,000
Base loan amount: $386,000
Estimated principal + interest only on a 30-year fixed:
📌 6.00%: ~$2,314/month
📌 6.50%: ~$2,440/month
📌 7.00%: ~$2,568/month
So yes, rates make a difference.
But notice something else…
The difference between 6% and 7% is about $254/month in principal and interest.
That doesn’t automatically mean you should wait.
It means we should run the numbers and make a plan.
Maybe that plan involves buying now.
Maybe it involves a different price point.
Maybe it involves assistance programs.
Maybe it involves a temporary strategy with the possibility of refinancing later.
Consider one less door dash order a week
Consider your current expenses and where can I move those funds to supplement the mortgage cost so that I need the same monthly outcome
The answer is different for every buyer.
***Believe it or not, changing car insurance companies can save you money, having bundled services can help, changing your tax brackets at work could help.
So if you’re sitting on the sidelines thinking, “I missed my opportunity…”
👉 Let’s talk before you decide that.
You don’t have to have it all figured out. That’s what I’m here for. 💗
Happy Hump Day! Let’s get over that hump and get you moving toward HOME. 🏡💗
The Mortgage Shero
706-832-3515
