10/10/2025
As you can see rates have a big effect on payments. Down payments/ costs for buyers can be farrrrrr less in this market.
Something to consider though if you’re considering buying a home or waiting:
When rates are low sellers can pick & choose from offers & have little motivation to help with things like closing costs.
When rates are high & offers are scarce they are more likely to help pay closing costs etc.
The out of pocket money in today’s market is far less- likely 10k or more than in the past. (Assuming this is negotiated on the buyers behalf).
