11/14/2025
Many buyers have told me that they want to wait on buying a home until mortgage rates are back in the 5% range. This post explains how that mindset may end up costing those buyers more in the end.
Would you let $80 hold you back from buying a home?
Because that’s about all you’ll save per month if mortgage rates drop from where they’ve been lately to 5.99%. Of course, that’ll give or take a bit based on your price point and the rate your lender quotes you.
Rates have already come down enough to save buyers almost $400 a month compared to what they would have spent on a typical home earlier this spring. So, waiting for that last tiny dip could mean missing your shot.
Because when rates do fall below 6%, mindsets will shift, and more buyers will get back in the market.
That’ll create more competition for you. And it may drive prices high enough to cancel out the savings you’re waiting for.
So, is $80 a month really worth the wait?
Let’s run the numbers for your price point in our market, so you can see exactly what you’re working with. The difference may not be as much as you think.
