09/24/2026
Are you stuck in the past? đ¨
Many potential buyers are.
Theyâre hung up on the record-low interest rates we saw from 2020 to 2022, which only happened due to a historic economic downturn as a result of the pandemic. đ
But hereâs what you need to keep in mind now: Interest rates actually have been at 8.03% on average for almost the last 50 years.
Now it's time to focus on the fact that interest rates are actually BELOW average compared to historical rates.
Rates fluctuate with the economy, and theyâre always changing. This allows you to refinance to a lower rate down the line if interest rates drop. đŚ
Remember, the only thing thatâs permanent about your mortgage is the sale price you buy the home at. You can change your interest rate later on!
Want to chat more about interest rates and what you should focus on as a buyer? Send a DM!