09/18/2026
🏡 Mortgage rates went up again… so is it still a good time to buy?
This is a question I’ve been getting a lot lately.
The average 30-year mortgage rate is now around 6.95%, up from 6.76% last week. So yes — affordability is definitely something buyers need to pay attention to right now.
But higher rates don’t automatically mean you shouldn’t buy.
One thing I’ve learned after years in real estate is that there’s rarely a “perfect” time to buy. When rates are low, we usually see more buyers competing for the same homes. When rates are higher, there can sometimes be less competition and more opportunity to negotiate with sellers.
The bigger question is:
👉 Does the payment make sense for YOU?
If you find the right house, the payment comfortably fits your budget, and you plan on staying there for a while, buying can still make sense — even in a higher-rate market.
And if rates eventually come back down, refinancing may be an option. You just shouldn’t buy today assuming that they definitely will.
If you’ve been thinking about buying but aren’t sure what the numbers look like anymore, send me a message. I’m happy to help you run through it with no pressure.
📲 Marcos Chavez
Chavez Realty Group