08/21/2026
Waiting for mortgage rates to drop before buying? You may be waiting longer than expected.
A new Real Estate News report says mortgage rates dipped slightly this week—from 6.67% to 6.65%—but Fannie Mae is now forecasting rates around 6.8% by the end of 2026.
At the same time, we’re seeing something buyers haven’t had much of in recent years:
➡️ More inventory
➡️ Less buyer competition
➡️ More negotiating leverage
➡️ Sellers who may be willing to discuss price, closing costs or rate-buydown strategies
That creates an interesting question:
Is it better to wait for a lower interest rate—or buy when you have more negotiating power?
Remember, the interest rate is only ONE part of the equation. The purchase price, seller concessions, your down payment, how long you plan to own the home, and your ability to refinance later all matter.
If you’re thinking about buying in Nashville or Middle Tennessee, I’d rather help you run the numbers than try to predict the bond market.
🏠 Buy the house when the deal makes sense for you—not because someone promised rates were about to fall.
What would move you off the sidelines: rates under 6% or the right deal at today’s rate? 👇
