10/02/2026
In the news lately, you’ve probably seen mortgage interest rates climbing again.
Higher rates can impact affordability, but they can also change the dynamics of the market and create opportunities for both buyers and sellers.
My advice if you’re thinking about buying:
1. Focus on what you can control.
Your budget, credit, savings, and monthly comfort level. Trying to perfectly time interest rates or the housing market is a guessing game.
2. Negotiate.
As inventory increases and some properties sit longer, there may be opportunities depending on the home. Negotiate the purchase price, ask for seller assistance with closing costs, or explore a seller paid rate buydown. Have the conversation.
3. Buy what financially makes sense TODAY.
Make sure you’re comfortable with the payment at today’s rate. If rates eventually come down and you have an opportunity to refinance, consider that a bonus, not something you’re depending on to afford the home.
4. Touch base with your lender.
If your numbers are a few months old, get them updated. Rates can move quickly, so know exactly where you stand before you fall in love with a home.
And if you’re thinking about selling:
This is the time to be strategic about pricing your home properly from the beginning.
With higher interest rates impacting buyers’ monthly payments, buyers may be more selective about the homes they consider. Pricing your home correctly and strategically can help bring in the most buyers, create more activity, and put you in a stronger position when offers come in.
Overpricing and hoping the market catches up can mean fewer showings and more time on the market. The right pricing and marketing strategy from day one can make all the difference.
You can’t control interest rates, but you can control your strategy!
Thinking about buying or selling? Let’s talk about your next move. Please reach out with any questions!
Ron Weaver
717-606-7915 (direct or text)
Realtor
Jason Burkholder Team
Hometown Property Sales
6 S Broad St
Lititz, PA 17543
717-207-8093 (office)
