09/17/2026
If you’ve been waiting for mortgage rates to drop before making a move, the latest numbers are a good reminder that the rate is only one part of the decision.
According to the National Association of REALTORS®, mortgage rates are currently near 7%. NAR Chief Economist Lawrence Yun says buyers should be prepared for rates around this level for now rather than making plans based on the assumption that a significant drop is right around the corner.
But there’s another side to today’s market that matters.
More inventory and fewer buyers competing for some properties can create opportunities to negotiate on price, concessions or other terms. That doesn’t erase the impact of a higher interest rate, but it can change the overall numbers.
And if you’re looking in Rockwall, Royse City or farther east of Dallas, I think the better question is not simply, “Should I wait for rates to fall?”
It’s: What opportunities exist in the market I’m buying in right now?
Every property and every buyer’s financial situation is different. The right home at the right price with favorable terms may make more sense than waiting for a mortgage rate none of us can predict.
If buying a home, land or acreage in North Texas is on your mind, call me. I’ll help you look at the entire picture so you can decide what makes sense for you.
Shelly Nalls, REALTOR®
OnDemand Realty
214-529-1504